Raymond James Financial Inc. Invests $1.68 Million in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)

Raymond James Financial Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,409 shares of the company’s stock, valued at approximately $1,681,000. Raymond James Financial Inc. owned about 0.43% of JPMorgan Diversified Return U.S. Mid Cap Equity ETF as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JPME. Steward Partners Investment Advisory LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 4th quarter valued at $106,000. Principal Securities Inc. boosted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 108.5% in the 4th quarter. Principal Securities Inc. now owns 1,793 shares of the company’s stock worth $184,000 after buying an additional 933 shares during the last quarter. Fifth Third Securities Inc. grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.6% in the 4th quarter. Fifth Third Securities Inc. now owns 4,734 shares of the company’s stock valued at $485,000 after buying an additional 118 shares during the period. Zega Financial LLC purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter valued at about $660,000. Finally, Journey Strategic Wealth LLC increased its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 15.0% during the 4th quarter. Journey Strategic Wealth LLC now owns 10,137 shares of the company’s stock valued at $1,039,000 after acquiring an additional 1,325 shares during the last quarter.

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

Shares of NYSEARCA:JPME opened at $100.57 on Tuesday. The business has a 50-day moving average of $103.36 and a two-hundred day moving average of $104.72. The firm has a market capitalization of $392.22 million, a PE ratio of 17.75 and a beta of 1.06. 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.

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

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a $0.3711 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Company Profile

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.