Gallacher Capital Management LLC Grows Stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)

Gallacher Capital Management LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,926 shares of the company’s stock after purchasing an additional 291 shares during the quarter. JPMorgan Diversified Return U.S. Mid Cap Equity ETF makes up 0.8% of Gallacher Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Gallacher Capital Management LLC’s holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF were worth $1,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPME. Cambridge Investment Research Advisors Inc. raised its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 24.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,732 shares of the company’s stock valued at $1,651,000 after acquiring an additional 3,934 shares in the last quarter. Private Advisor Group LLC increased its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 6.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,750 shares of the company’s stock valued at $1,066,000 after purchasing an additional 737 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 10,363 shares of the company’s stock worth $867,000 after purchasing an additional 315 shares during the period. Kestra Advisory Services LLC lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 68.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 22,004 shares of the company’s stock worth $1,841,000 after purchasing an additional 8,952 shares during the period. Finally, KWB Wealth bought a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the fourth quarter valued at approximately $1,353,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance

NYSEARCA:JPME traded up $0.51 during trading hours on Friday, reaching $95.16. The company’s stock had a trading volume of 13,682 shares, compared to its average volume of 13,345. The stock has a 50 day moving average price of $95.81 and a two-hundred day moving average price of $91.07. The company has a market capitalization of $366.37 million, a P/E ratio of 14.72 and a beta of 0.87. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12 month low of $79.21 and a 12 month high of $99.16.

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

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.