JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Down 0.8% – Here’s Why

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPINGet Free Report)’s stock price fell 0.8% during mid-day trading on Monday . The company traded as low as $72.72 and last traded at $72.77. Approximately 3,459 shares traded hands during trading, a decline of 80% from the average session volume of 17,309 shares. The stock had previously closed at $73.36.

JPMorgan Diversified Return International Equity ETF Stock Performance

The stock has a 50-day moving average of $73.79 and a 200-day moving average of $72.72. The firm has a market cap of $356.57 million, a price-to-earnings ratio of 12.60 and a beta of 0.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JPIN. TBH Global Asset Management LLC bought a new stake in JPMorgan Diversified Return International Equity ETF during the fourth quarter worth about $6,733,000. Royal Bank of Canada raised its stake in shares of JPMorgan Diversified Return International Equity ETF by 102.0% during the 4th quarter. Royal Bank of Canada now owns 178,135 shares of the company’s stock worth $12,138,000 after purchasing an additional 89,957 shares in the last quarter. KKM Financial LLC bought a new stake in shares of JPMorgan Diversified Return International Equity ETF during the 4th quarter worth approximately $4,132,000. Susquehanna International Group LLP boosted its holdings in shares of JPMorgan Diversified Return International Equity ETF by 207.6% in the 3rd quarter. Susquehanna International Group LLP now owns 68,446 shares of the company’s stock valued at $4,559,000 after buying an additional 46,197 shares during the last quarter. Finally, Sherman Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at approximately $1,262,000.

About JPMorgan Diversified Return International Equity ETF

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The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.

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