Financial Solutions Advisory Group Inc. Invests $7.70 Million in JPMorgan Diversified Return U.S. Small Cap Equity ETF $JPSE

Financial Solutions Advisory Group Inc. purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 146,873 shares of the company’s stock, valued at approximately $7,701,000. JPMorgan Diversified Return U.S. Small Cap Equity ETF comprises about 1.1% of Financial Solutions Advisory Group Inc.’s portfolio, making the stock its 18th biggest position.

Other hedge funds have also recently modified their holdings of the company. Ipsen Advisor Group LLC increased its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% during the first quarter. Ipsen Advisor Group LLC now owns 115,584 shares of the company’s stock worth $6,060,000 after purchasing an additional 2,556 shares during the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock valued at $32,028,000 after purchasing an additional 25,608 shares during the last quarter. Modern Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 1st quarter valued at about $1,093,000. Cetera Investment Advisers boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 53,556 shares of the company’s stock valued at $2,808,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 1st quarter valued at approximately $678,000.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Price Performance

Shares of NYSEARCA JPSE opened at $59.22 on Friday. The company has a 50 day simple moving average of $59.09 and a 200-day simple moving average of $56.16. The company has a market capitalization of $591.02 million, a P/E ratio of 15.86 and a beta of 0.98. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1 year low of $44.85 and a 1 year high of $60.59.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Profile

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.