JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 1-Year High – Still a Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.55 and last traded at $55.55, with a volume of 201 shares trading hands. The stock had previously closed at $54.90.

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

The firm has a fifty day moving average price of $53.59 and a 200 day moving average price of $51.77. The firm has a market capitalization of $563.53 million, a price-to-earnings ratio of 15.86 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Hedge funds have recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $33,000. Private Wealth Management Group LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $63,000. Horizon Investments LLC increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% in the 4th quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock valued at $65,000 after purchasing an additional 804 shares in the last quarter. Caldwell Trust Co purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $65,000. Finally, N.E.W. Advisory Services LLC increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% in the 4th quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock valued at $143,000 after purchasing an additional 2,502 shares in the last quarter.

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

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.