Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading Down 1.5% – Here’s What Happened

Shares of Diversified Return International Equity ETF (NYSEARCA:JPIN) fell 1.5% during trading on Wednesday . The stock traded as low as $56.22 and last traded at $56.62. 11,322 shares were traded during mid-day trading, a decline of 46% from the average session volume of 20,983 shares. The stock had previously closed at $57.47.

Diversified Return International Equity ETF Stock Performance

The company has a market cap of $373.66 million, a price-to-earnings ratio of 10.92 and a beta of 0.73. The company’s 50 day moving average price is $58.72 and its 200 day moving average price is $57.30.

Hedge Funds Weigh In On Diversified Return International Equity ETF

Several hedge funds have recently bought and sold shares of JPIN. Eagle Bay Advisors LLC acquired a new position in Diversified Return International Equity ETF during the first quarter valued at approximately $30,000. 3Chopt Investment Partners LLC bought a new stake in shares of Diversified Return International Equity ETF during the 2nd quarter worth $226,000. Finally, MN Wealth Advisors LLC grew its stake in Diversified Return International Equity ETF by 8.7% in the 2nd quarter. MN Wealth Advisors LLC now owns 5,644 shares of the company’s stock valued at $312,000 after buying an additional 452 shares during the last quarter.

Diversified Return International Equity ETF Company Profile

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level.