Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Up 0.8% – Still a Buy?

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

Diversified Return International Equity ETF Stock Up 0.8 %

The company has a market capitalization of $371.36 million, a P/E ratio of 10.92 and a beta of 0.73. The business’s 50-day moving average is $57.77 and its two-hundred day moving average is $57.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Diversified Return International Equity ETF stock. 3Chopt Investment Partners LLC bought a new position in Diversified Return International Equity ETF (NYSEARCA:JPIN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,094 shares of the company’s stock, valued at approximately $226,000. 3Chopt Investment Partners LLC owned about 0.06% of Diversified Return International Equity ETF as of its most recent SEC filing.

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.