JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Stock Price Down 0.8% – Here’s Why

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) shares traded down 0.8% during trading on Tuesday . The company traded as low as $47.85 and last traded at $47.85. 481 shares were traded during mid-day trading, an increase of 157% from the average session volume of 187 shares. The stock had previously closed at $48.24.

JPMorgan Dividend Leaders ETF Stock Performance

The firm has a 50-day moving average price of $47.55 and a two-hundred day moving average price of $44.47. The firm has a market cap of $7.18 million and a price-to-earnings ratio of 22.25.

Institutional Trading of JPMorgan Dividend Leaders ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of JPMorgan Dividend Leaders ETF in the 4th quarter valued at about $359,000. Benjamin Edwards Inc. acquired a new position in JPMorgan Dividend Leaders ETF during the fourth quarter worth approximately $890,000. Finally, JPMorgan Chase & Co. purchased a new stake in JPMorgan Dividend Leaders ETF in the third quarter valued at approximately $4,861,000.

About JPMorgan Dividend Leaders ETF

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.