Riggs Capital Management LLC Takes Position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM)

Riggs Capital Management LLC purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,107 shares of the company’s stock, valued at approximately $1,406,000. JPMorgan Diversified Return Emerging Markets Equity ETF accounts for approximately 1.4% of Riggs Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Riggs Capital Management LLC owned 0.48% of JPMorgan Diversified Return Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC raised its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 5,108.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 470,652 shares of the company’s stock valued at $24,419,000 after purchasing an additional 461,615 shares during the period. Raymond James Financial Inc. acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the fourth quarter valued at $4,732,000. Independent Advisor Alliance purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 4th quarter worth about $3,236,000. Sovran Advisors LLC acquired a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF during the 4th quarter worth about $2,935,000. Finally, Virtu Financial LLC purchased a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the 4th quarter valued at about $2,238,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

NYSEARCA JPEM opened at $52.82 on Monday. The firm has a market capitalization of $316.92 million, a price-to-earnings ratio of 11.11 and a beta of 0.71. The company has a 50 day simple moving average of $52.77 and a 200-day simple moving average of $53.57. JPMorgan Diversified Return Emerging Markets Equity ETF has a 52-week low of $50.60 and a 52-week high of $57.88.

JPMorgan Diversified Return Emerging Markets Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.2314 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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.