Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading 0.8% Higher – Should You Buy?

Shares of Diversified Return International Equity ETF (NYSEARCA:JPIN) rose 0.8% during mid-day trading on Wednesday . The stock traded as high as $56.36 and last traded at $56.27. Approximately 12,235 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 20,428 shares. The stock had previously closed at $55.85.

Diversified Return International Equity ETF Stock Up 0.8 %

The company’s 50-day simple moving average is $57.69 and its 200 day simple moving average is $57.32. The stock has a market capitalization of $371.36 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

A hedge fund recently raised its stake in Diversified Return International Equity ETF stock. MN Wealth Advisors LLC lifted its position in Diversified Return International Equity ETF (NYSEARCA:JPIN) by 19.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,750 shares of the company’s stock after purchasing an additional 1,106 shares during the quarter. MN Wealth Advisors LLC owned 0.10% of Diversified Return International Equity ETF worth $406,000 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.