Cedar Point Capital Partners LLC Makes New $1.27 Million Investment in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM)

Cedar Point Capital Partners LLC purchased a new position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,314 shares of the company’s stock, valued at approximately $1,271,000. JPMorgan Diversified Return Emerging Markets Equity ETF comprises approximately 1.1% of Cedar Point Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headinvest LLC acquired a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter worth $70,000. Signet Financial Management LLC acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter valued at $225,000. Security Financial Services INC. acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter valued at $268,000. Walkner Condon Financial Advisors LLC acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the fourth quarter valued at $302,000. Finally, RMR Wealth Builders acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter valued at $328,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Performance

NYSEARCA JPEM traded up $0.31 on Friday, reaching $54.20. 21,357 shares of the company’s stock traded hands, compared to its average volume of 26,608. The stock has a 50 day moving average price of $53.72 and a 200-day moving average price of $51.95. The firm has a market cap of $314.36 million, a price-to-earnings ratio of 8.68 and a beta of 0.58. JPMorgan Diversified Return Emerging Markets Equity ETF has a fifty-two week low of $47.37 and a fifty-two week high of $54.98.

JPMorgan Diversified Return Emerging Markets Equity ETF 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.