Independent Wealth Network Inc. Buys 2,054 Shares of JPMorgan Diversified Return US Equity ETF (NYSEARCA:JPUS)

Independent Wealth Network Inc. grew its stake in JPMorgan Diversified Return US Equity ETF (NYSEARCA:JPUS) by 20.0% in the fourth quarter, HoldingsChannel reports. The fund owned 12,334 shares of the company’s stock after acquiring an additional 2,054 shares during the period. Independent Wealth Network Inc.’s holdings in JPMorgan Diversified Return US Equity ETF were worth $1,407,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp bought a new position in shares of JPMorgan Diversified Return US Equity ETF in the third quarter worth about $201,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of JPMorgan Diversified Return US Equity ETF during the 2nd quarter worth approximately $227,000. Integrated Wealth Concepts LLC acquired a new stake in shares of JPMorgan Diversified Return US Equity ETF during the 3rd quarter worth approximately $250,000. Nwam LLC acquired a new stake in shares of JPMorgan Diversified Return US Equity ETF during the 3rd quarter worth approximately $463,000. Finally, CreativeOne Wealth LLC grew its position in shares of JPMorgan Diversified Return US Equity ETF by 10.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,573 shares of the company’s stock worth $547,000 after buying an additional 432 shares during the period.

JPMorgan Diversified Return US Equity ETF Price Performance

Shares of NYSEARCA:JPUS opened at $118.16 on Thursday. The stock has a market cap of $470.28 million, a price-to-earnings ratio of 16.38 and a beta of 0.80. The company has a 50 day moving average of $118.17 and a 200-day moving average of $116.98. JPMorgan Diversified Return US Equity ETF has a one year low of $102.02 and a one year high of $124.10.

JPMorgan Diversified Return US Equity ETF Profile

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors.