Private Advisor Group LLC Increases Shares in JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Private Advisor Group LLC has recently increased its investment in the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) by 5.7% during the third quarter of the year. According to their recent Form 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 16,735 shares of JPME stock after acquiring an additional 909 shares over the quarter. This investment is valued at approximately $1,758,000 as of the latest reporting period.

Other institutional investors and hedge funds have also been adjusting their positions in JPME. For instance, Commonwealth Equity Services LLC raised its stake in this ETF by 2.5% in the first quarter, now owning 24,224 shares worth about $2,402,000 after purchasing an extra 588 shares. Meanwhile, PFG Advisors made a new investment in JPME during the first quarter, estimated at around $284,000.

CreativeOne Wealth LLC has significantly increased its holdings by 39.1% in the first quarter, acquiring an additional 62,360 shares to bring its total to 222,040 shares, which now have a value of approximately $22,013,000. Additionally, Appleton Partners Inc. MA also raised its stake by 0.5% in the second quarter, now owning 88,145 shares worth $8,391,000 after buying 400 more shares. Albion Financial Group UT joined the list of new investors in the second quarter, with a stake valued at about $153,000.

Performance Overview of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

As of the latest trading day, the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) opened at $104.40. The stock has maintained a 50-day moving average price of $103.68 and a 200-day moving average price of $99.13. The ETF currently has a market capitalization of approximately $399.84 million, a price-to-earnings (PE) ratio of 15.11, and a beta of 0.87. Over the past year, the stock has recorded a low of $79.92 and a high of $106.67.

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

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) primarily invests in mid-cap equities. This exchange-traded fund tracks an index of U.S. mid-cap stocks chosen based on a combination of relative value, momentum, and quality factors, while also ensuring equal risk contribution across different sectors. JPME was launched on May 11, 2016, and is managed by JPMorgan Chase.

investment, ETF, finance