Pinnacle Associates Ltd. Boosts Stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)

Pinnacle Associates Ltd. grew its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) by 26.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,205 shares of the company’s stock after buying an additional 2,346 shares during the period. Pinnacle Associates Ltd. owned 0.10% of JPMorgan Diversified Return U.S. Small Cap Equity ETF worth $494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Koss Olinger Consulting LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.3% in the third quarter. Koss Olinger Consulting LLC now owns 1,211,892 shares of the company’s stock worth $58,207,000 after buying an additional 15,541 shares during the last quarter. Raymond James & Associates increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1,239.5% in the third quarter. Raymond James & Associates now owns 564,297 shares of the company’s stock worth $27,103,000 after acquiring an additional 522,168 shares during the period. Teamwork Financial Advisors LLC increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 13.9% in the third quarter. Teamwork Financial Advisors LLC now owns 333,125 shares of the company’s stock worth $16,000,000 after acquiring an additional 40,754 shares during the period. Capital Advisors Wealth Management LLC increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.8% in the third quarter. Capital Advisors Wealth Management LLC now owns 241,626 shares of the company’s stock worth $11,605,000 after acquiring an additional 1,848 shares during the period. Finally, Goldstein Advisors LLC increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 7.5% in the third quarter. Goldstein Advisors LLC now owns 220,057 shares of the company’s stock worth $10,569,000 after acquiring an additional 15,428 shares during the period.

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

NYSEARCA:JPSE opened at $46.88 on Monday. The firm has a market capitalization of $515.68 million, a P/E ratio of 11.90 and a beta of 1.07. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1-year low of $37.66 and a 1-year high of $49.10. The company’s fifty day moving average price is $47.24 and its 200-day moving average price is $45.57.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting.