Raymond James Financial Inc. Invests $65.31 Million in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)

Raymond James Financial Inc. purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,395,139 shares of the company’s stock, valued at approximately $65,305,000. Raymond James Financial Inc. owned 12.68% of JPMorgan Diversified Return U.S. Small Cap Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 50.2% in the third quarter. Private Trust Co. NA now owns 1,263 shares of the company’s stock worth $61,000 after buying an additional 422 shares during the period. Schmidt P J Investment Management Inc. raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.1% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 22,435 shares of the company’s stock worth $1,050,000 after buying an additional 470 shares during the period. Stifel Financial Corp raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.3% in the third quarter. Stifel Financial Corp now owns 190,829 shares of the company’s stock worth $9,166,000 after buying an additional 541 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 53,516 shares of the company’s stock worth $2,505,000 after buying an additional 543 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 21,348 shares of the company’s stock worth $999,000 after purchasing an additional 705 shares in the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Down 1.8 %

Shares of NYSEARCA:JPSE opened at $43.55 on Tuesday. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52-week low of $41.87 and a 52-week high of $52.04. The stock has a market cap of $483.41 million, a P/E ratio of 15.81 and a beta of 1.16. The business’s 50 day moving average is $46.64 and its 200 day moving average is $47.71.

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.