Occidental Asset Management LLC Acquires New Position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM)

Occidental Asset Management LLC acquired a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,145 shares of the company’s stock, valued at approximately $815,000. Occidental Asset Management LLC owned 0.29% of JPMorgan Diversified Return Emerging Markets Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp boosted its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 65.8% during the fourth quarter. Money Concepts Capital Corp now owns 534 shares of the company’s stock worth $26,000 after buying an additional 212 shares during the period. Advisory Services Network LLC purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter valued at approximately $27,000. WealthPLAN Partners LLC purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter valued at approximately $33,000. Private Trust Co. NA boosted its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 83.4% in the first quarter. Private Trust Co. NA now owns 1,443 shares of the company’s stock valued at $73,000 after purchasing an additional 656 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter valued at approximately $101,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Performance

NYSEARCA JPEM opened at $51.54 on Tuesday. The firm has a 50 day simple moving average of $51.63 and a 200-day simple moving average of $51.10. JPMorgan Diversified Return Emerging Markets Equity ETF has a one year low of $44.38 and a one year high of $53.44. The firm has a market cap of $304.09 million, a price-to-earnings ratio of 8.89 and a beta of 0.71.

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.