Sovran Advisors LLC Makes New $2.94 Million Investment in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM)

Sovran Advisors LLC bought a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) in the 4th quarter, Holdings Channel.com reports. The fund bought 57,349 shares of the company’s stock, valued at approximately $2,935,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPEM. Farther Finance Advisors LLC increased its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 862.6% in the third quarter. Farther Finance Advisors LLC now owns 1,184 shares of the company’s stock worth $67,000 after purchasing an additional 1,061 shares during the period. Continuum Advisory LLC raised its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 13.8% during the third quarter. Continuum Advisory LLC now owns 1,591 shares of the company’s stock worth $85,000 after buying an additional 193 shares during the last quarter. Truist Financial Corp acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF in the second quarter valued at approximately $224,000. Perigon Wealth Management LLC bought a new position in JPMorgan Diversified Return Emerging Markets Equity ETF in the fourth quarter valued at approximately $260,000. Finally, Stifel Financial Corp grew its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 16.4% during the 3rd quarter. Stifel Financial Corp now owns 4,625 shares of the company’s stock worth $262,000 after acquiring an additional 651 shares during the period.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Performance

Shares of JPMorgan Diversified Return Emerging Markets Equity ETF stock opened at $52.74 on Tuesday. The firm has a fifty day moving average of $52.67 and a two-hundred day moving average of $53.92. The stock has a market capitalization of $295.34 million, a price-to-earnings ratio of 9.08 and a beta of 0.58. JPMorgan Diversified Return Emerging Markets Equity ETF has a 52 week low of $50.60 and a 52 week high of $57.88.

JPMorgan Diversified Return Emerging Markets Equity ETF Company Profile

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.