KWB Wealth acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 143,583 shares of the company’s stock, valued at approximately $9,090,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPEM. Avantax Planning Partners Inc. boosted its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 0.9% in the first quarter. Avantax Planning Partners Inc. now owns 123,594 shares of the company’s stock valued at $7,678,000 after purchasing an additional 1,049 shares during the last quarter. Tactive Advisors LLC acquired a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF during the 3rd quarter worth about $3,360,000. RHS Financial LLC purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 3rd quarter valued at about $2,206,000. BKM Wealth Management LLC raised its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 5.0% during the 1st quarter. BKM Wealth Management LLC now owns 31,826 shares of the company’s stock valued at $1,977,000 after buying an additional 1,520 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 4th quarter valued at about $1,745,000.
JPMorgan Diversified Return Emerging Markets Equity ETF Stock Down 0.4%
Shares of JPEM stock traded down $0.28 on Friday, hitting $64.00. The company had a trading volume of 8,491 shares, compared to its average volume of 21,423. The firm has a market cap of $377.60 million, a P/E ratio of 11.40 and a beta of 0.47. The company has a 50-day moving average price of $65.34 and a 200-day moving average price of $64.64. JPMorgan Diversified Return Emerging Markets Equity ETF has a twelve month low of $58.97 and a twelve month high of $67.53.
About JPMorgan Diversified Return Emerging Markets Equity ETF
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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