JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Down 2% – Here’s Why

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) traded down 2% on Tuesday . The stock traded as low as $73.22 and last traded at $73.27. 7,923 shares changed hands during trading, a decline of 66% from the average session volume of 23,218 shares. The stock had previously closed at $74.79.

JPMorgan Diversified Return International Equity ETF Stock Performance

The firm has a 50 day moving average of $73.15 and a 200-day moving average of $70.28. The stock has a market capitalization of $359.02 million, a PE ratio of 12.60 and a beta of 0.69.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

Several hedge funds have recently bought and sold shares of JPIN. Mercer Global Advisors Inc. ADV grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 1.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,923 shares of the company’s stock valued at $1,085,000 after buying an additional 165 shares in the last quarter. IFP Advisors Inc grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 31.9% in the 3rd quarter. IFP Advisors Inc now owns 732 shares of the company’s stock valued at $49,000 after buying an additional 177 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the company’s stock valued at $73,000 after buying an additional 191 shares in the last quarter. MML Investors Services LLC grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 3.4% in the 4th quarter. MML Investors Services LLC now owns 6,174 shares of the company’s stock valued at $421,000 after buying an additional 201 shares in the last quarter. Finally, Interactive Financial Advisors Inc. grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 5.6% in the 3rd quarter. Interactive Financial Advisors Inc. now owns 3,815 shares of the company’s stock valued at $254,000 after buying an additional 202 shares in the last quarter.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.