Raymond James Financial Inc. Takes Position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)

Raymond James Financial Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 16,409 shares of the company’s stock, valued at approximately $1,681,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPME. Steward Partners Investment Advisory LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 4th quarter valued at approximately $106,000. Jones Financial Companies Lllp lifted its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 107.2% in the fourth quarter. Jones Financial Companies Lllp now owns 26,894 shares of the company’s stock valued at $2,756,000 after acquiring an additional 13,912 shares during the last quarter. LWM Advisory Services LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 9.9% in the fourth quarter. LWM Advisory Services LLC now owns 15,522 shares of the company’s stock worth $1,591,000 after acquiring an additional 1,400 shares during the period. Sanctuary Advisors LLC increased its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.4% during the fourth quarter. Sanctuary Advisors LLC now owns 45,578 shares of the company’s stock worth $4,862,000 after acquiring an additional 626 shares during the last quarter. Finally, Principal Securities Inc. raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 108.5% in the fourth quarter. Principal Securities Inc. now owns 1,793 shares of the company’s stock valued at $184,000 after purchasing an additional 933 shares during the period.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.7 %

Shares of JPME opened at $100.57 on Tuesday. The company’s 50-day moving average price is $103.36 and its 200 day moving average price is $104.72. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12-month low of $92.45 and a 12-month high of $111.55. The firm has a market cap of $392.22 million, a P/E ratio of 17.75 and a beta of 1.06.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a dividend of $0.3711 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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.