JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Unusually-High Trading Volume – Time to Buy?

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) saw unusually-high trading volume on Friday . Approximately 132,453 shares changed hands during mid-day trading, an increase of 477% from the previous session’s volume of 22,973 shares.The stock last traded at $51.77 and had previously closed at $52.03.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Down 0.6%

The stock has a market cap of $525.06 million, a PE ratio of 15.86 and a beta of 1.04. The stock’s fifty day moving average price is $53.69 and its 200 day moving average price is $51.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock valued at $45,071,000 after buying an additional 38,838 shares during the last quarter. Bank of America Corp DE raised its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 577,634 shares of the company’s stock worth $28,772,000 after buying an additional 5,722 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% during the 4th quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock valued at $16,694,000 after acquiring an additional 12,394 shares during the period. Aprio Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at about $15,540,000. Finally, Royal Bank of Canada grew its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.1% in the fourth quarter. Royal Bank of Canada now owns 308,209 shares of the company’s stock worth $15,434,000 after acquiring an additional 6,358 shares during the period.

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.