JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Price Down 1.5% – Time to Sell?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) shares were down 1.5% on Friday . The stock traded as low as $118.49 and last traded at $118.50. Approximately 5,507 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 13,236 shares. The stock had previously closed at $120.28.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance

The firm has a fifty day simple moving average of $117.45 and a 200 day simple moving average of $113.68. The company has a market cap of $426.60 million, a price-to-earnings ratio of 17.00 and a beta of 0.89.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of institutional investors have recently modified their holdings of JPME. Fifth Third Bancorp bought a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at approximately $33,000. MAI Capital Management raised its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% in the third quarter. MAI Capital Management now owns 408 shares of the company’s stock valued at $44,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC raised its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% in the fourth quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock valued at $86,000 after purchasing an additional 619 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter worth approximately $220,000. Finally, Luts & Greenleigh Group Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter valued at approximately $222,000.

About JPMorgan Diversified Return U.S. Mid Cap Equity ETF

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.