Modern Wealth Management LLC Purchases Shares of 21,930 JPMorgan Diversified Return U.S. Mid Cap Equity ETF $JPME

Modern Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) during the first quarter, Holdings Channel reports. The institutional investor acquired 21,930 shares of the company’s stock, valued at approximately $2,523,000.

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 45,070 shares of the company’s stock valued at $4,533,000 after buying an additional 902 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 2nd quarter worth approximately $490,000. MML Investors Services LLC increased its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 10.9% in the 2nd quarter. MML Investors Services LLC now owns 10,355 shares of the company’s stock worth $1,074,000 after buying an additional 1,020 shares during the period. Private Advisor Group LLC raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 19,694 shares of the company’s stock worth $2,136,000 after buying an additional 691 shares during the last quarter. Finally, Compass Capital Management Inc. purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 3rd quarter worth approximately $365,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.8%

Shares of NYSEARCA JPME opened at $125.75 on Friday. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12 month low of $102.91 and a 12 month high of $126.06. The company has a 50 day simple moving average of $123.30 and a two-hundred day simple moving average of $118.90. The stock has a market cap of $465.27 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.

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.