Concourse Financial Group Securities Inc. Trims Stake in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM)

Concourse Financial Group Securities Inc. cut its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,177 shares of the company’s stock after selling 1,478 shares during the period. Concourse Financial Group Securities Inc.’s holdings in JPMorgan Diversified Return Emerging Markets Equity ETF were worth $114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 16.1% during the third quarter. LPL Financial LLC now owns 210,298 shares of the company’s stock valued at $10,593,000 after purchasing an additional 29,220 shares in the last quarter. KWB Wealth grew its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 58.1% during the 4th quarter. KWB Wealth now owns 136,467 shares of the company’s stock valued at $7,136,000 after acquiring an additional 50,171 shares during the period. Avantax Advisory Services Inc. purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter worth approximately $5,646,000. RHS Financial LLC raised its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 8.2% during the 4th quarter. RHS Financial LLC now owns 105,093 shares of the company’s stock worth $5,495,000 after acquiring an additional 7,995 shares during the period. Finally, Crumly & Associates Inc. boosted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 6.9% in the third quarter. Crumly & Associates Inc. now owns 86,680 shares of the company’s stock worth $4,366,000 after purchasing an additional 5,617 shares during the period.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

Shares of JPEM stock opened at $56.71 on Friday. JPMorgan Diversified Return Emerging Markets Equity ETF has a one year low of $47.37 and a one year high of $56.88. The company’s fifty day moving average price is $54.25 and its 200-day moving average price is $52.63. The company has a market capitalization of $317.58 million, a price-to-earnings ratio of 9.08 and a beta of 0.58.

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.