Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading Down 0.7% – What’s Next?

Diversified Return International Equity ETF (NYSEARCA:JPIN) was down 0.7% during mid-day trading on Friday . The company traded as low as $55.64 and last traded at $55.64. Approximately 8,265 shares changed hands during trading, a decline of 58% from the average daily volume of 19,887 shares. The stock had previously closed at $56.03.

Diversified Return International Equity ETF Stock Performance

The firm’s fifty day simple moving average is $54.80 and its 200 day simple moving average is $56.69. The stock has a market capitalization of $367.22 million, a price-to-earnings ratio of 10.92 and a beta of 0.73.

Institutional Investors Weigh In On Diversified Return International Equity ETF

An institutional investor recently raised its position in Diversified Return International Equity ETF stock. MN Wealth Advisors LLC raised its position in Diversified Return International Equity ETF (NYSEARCA:JPIN) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,555 shares of the company’s stock after purchasing an additional 805 shares during the quarter. MN Wealth Advisors LLC owned 0.11% of Diversified Return International Equity ETF worth $405,000 at the end of the most recent reporting period.

About Diversified Return International Equity ETF

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.