Citigroup Inc. Sells 24,948 Shares of JPMorgan Diversified Return Emerging Markets Equity ETF $JPEM

Citigroup Inc. cut its position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,621 shares of the company’s stock after selling 24,948 shares during the period. Citigroup Inc. owned 0.98% of JPMorgan Diversified Return Emerging Markets Equity ETF worth $3,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPEM. Royal Bank of Canada grew its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 25,377 shares of the company’s stock valued at $1,338,000 after acquiring an additional 1,465 shares during the period. First Horizon Advisors Inc. grew its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 6.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 103,228 shares of the company’s stock valued at $5,823,000 after purchasing an additional 5,901 shares during the period. Allworth Financial LP increased its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 1.2% during the 2nd quarter. Allworth Financial LP now owns 17,487 shares of the company’s stock valued at $986,000 after purchasing an additional 203 shares in the last quarter. Tiemann Investment Advisors LLC raised its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 2.9% during the second quarter. Tiemann Investment Advisors LLC now owns 35,942 shares of the company’s stock worth $2,028,000 after buying an additional 1,025 shares during the last quarter. Finally, L & S Advisors Inc lifted its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 17.2% in the second quarter. L & S Advisors Inc now owns 8,409 shares of the company’s stock valued at $474,000 after buying an additional 1,234 shares in the last quarter.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

Shares of JPEM stock opened at $63.30 on Friday. The firm has a 50-day moving average of $64.19 and a 200-day moving average of $61.17. JPMorgan Diversified Return Emerging Markets Equity ETF has a one year low of $47.92 and a one year high of $67.40. The company has a market cap of $392.46 million, a P/E ratio of 11.40 and a beta of 0.52.

About JPMorgan Diversified Return Emerging Markets Equity ETF

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.