JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Shares Down 0.5% – Should You Sell?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) shares were down 0.5% on Tuesday. The company traded as low as $124.82 and last traded at $124.87. Approximately 13,508 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 12,591 shares. The stock had previously closed at $125.54.

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

The stock’s 50 day simple moving average is $123.44 and its two-hundred day simple moving average is $121.22. The firm has a market cap of $493.24 million, a P/E ratio of 17.42 and a beta of 0.88.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JPME. Appleton Partners Inc. MA grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% in the first quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock worth $10,603,000 after acquiring an additional 837 shares during the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock worth $6,253,000 after purchasing an additional 1,081 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter worth about $2,523,000. KWB Wealth raised its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% in the 2nd quarter. KWB Wealth now owns 20,296 shares of the company’s stock worth $2,521,000 after purchasing an additional 792 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.1% in the 1st quarter. Private Advisor Group LLC now owns 19,227 shares of the company’s stock worth $2,202,000 after purchasing an additional 212 shares in the last quarter.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Company Profile

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.