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

Diversified Return International Equity ETF (NYSEARCA:JPIN) dropped 1.5% during mid-day trading on Monday . The company traded as low as $57.12 and last traded at $57.45. Approximately 17,780 shares traded hands during trading, a decline of 8% from the average daily volume of 19,366 shares. The stock had previously closed at $58.35.

Diversified Return International Equity ETF Stock Up 0.4 %

The company has a market capitalization of $322.45 million, a price-to-earnings ratio of 13.51 and a beta of 0.80. The business’s 50-day moving average is $55.50 and its 200-day moving average is $56.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. American Trust acquired a new position in shares of Diversified Return International Equity ETF in the fourth quarter worth about $257,000. Captrust Financial Advisors raised its position in shares of Diversified Return International Equity ETF by 8.4% in the fourth quarter. Captrust Financial Advisors now owns 156,890 shares of the company’s stock worth $8,403,000 after acquiring an additional 12,092 shares during the period. JPMorgan Chase & Co. raised its position in shares of Diversified Return International Equity ETF by 18.8% in the fourth quarter. JPMorgan Chase & Co. now owns 115,073 shares of the company’s stock worth $6,163,000 after acquiring an additional 18,194 shares during the period. Farther Finance Advisors LLC raised its position in shares of Diversified Return International Equity ETF by 17.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,319 shares of the company’s stock worth $71,000 after acquiring an additional 194 shares during the period. Finally, MN Wealth Advisors LLC raised its position in shares of Diversified Return International Equity ETF by 11.9% in the fourth quarter. MN Wealth Advisors LLC now owns 7,555 shares of the company’s stock worth $405,000 after acquiring an additional 805 shares during the 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.