Truist Financial Corp Invests $5.38 Million in JPMorgan Diversified Return U.S. Small Cap Equity ETF $JPSE

Truist Financial Corp bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) during the third quarter, Holdings Channel.com reports. The fund bought 108,088 shares of the company’s stock, valued at approximately $5,384,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. raised its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 97.7% in the second quarter. Hartford Financial Management Inc. now owns 315,333 shares of the company’s stock worth $14,344,000 after buying an additional 155,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 16.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 190,340 shares of the company’s stock worth $8,658,000 after acquiring an additional 26,569 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 22.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 104,901 shares of the company’s stock valued at $4,772,000 after purchasing an additional 19,002 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the second quarter valued at approximately $736,000. Finally, Bank of America Corp DE boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% during the second quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock valued at $26,015,000 after purchasing an additional 7,723 shares in the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.4%

JPSE opened at $53.83 on Wednesday. The company has a market cap of $546.37 million, a price-to-earnings ratio of 15.86 and a beta of 1.04. The stock has a fifty day simple moving average of $51.87 and a two-hundred day simple moving average of $49.98. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 12-month low of $37.66 and a 12-month high of $54.90.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.