Tactive Advisors LLC purchased a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 53,077 shares of the company’s stock, valued at approximately $3,360,000. JPMorgan Diversified Return Emerging Markets Equity ETF makes up 0.8% of Tactive Advisors LLC’s investment portfolio, making the stock its 29th largest position. Tactive Advisors LLC owned approximately 0.90% of JPMorgan Diversified Return Emerging Markets Equity ETF at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in JPEM. Birchwood Financial Partners Inc. bought a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 4th quarter valued at about $1,745,000. RVW Wealth LLC bought a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter valued at approximately $239,000. Cedar Point Capital Partners LLC raised its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 10.7% during the fourth quarter. Cedar Point Capital Partners LLC now owns 32,480 shares of the company’s stock worth $1,973,000 after acquiring an additional 3,134 shares in the last quarter. Assetmark Inc. purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the first quarter worth approximately $194,000. Finally, Western Wealth Management LLC bought a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 1st quarter worth approximately $178,000.
JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance
NYSEARCA JPEM traded down $0.28 during trading on Thursday, hitting $63.67. 14,372 shares of the company’s stock traded hands, compared to its average volume of 21,780. The stock has a fifty day moving average of $65.49 and a two-hundred day moving average of $64.50. JPMorgan Diversified Return Emerging Markets Equity ETF has a 12-month low of $57.58 and a 12-month high of $67.53. The firm has a market cap of $375.67 million, a P/E ratio of 11.40 and a beta of 0.47.
JPMorgan Diversified Return Emerging Markets Equity ETF Company Profile
The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.
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