GeoWealth Management Drastically Reduces Shares in JPMorgan ETF

In a significant portfolio adjustment, GeoWealth Management LLC has substantially decreased its investment in the JPMorgan Diversified Return US Equity ETF, known by its ticker JPUS, trading on the NYSEARCA. A recent filing with the SEC revealed that GeoWealth Management sold off a striking 98.4% of its JPUS holdings within the second quarter. This sell-down brought their share count from 52,603 to a mere 836 shares, marking a notable shift in their investment strategy regarding this particular ETF.

Investment Shifts In Other Institutions

The trend of modifying investment stakes in JPUS was not unique to GeoWealth Management. Planning Alternatives Ltd. ADV slightly increased its position by 0.9%, Bank of America Corp DE by 0.4%, and LPL Financial LLC by 6.0%, signaling a pattern of strategic rebalancing by various institutional investors. On the other hand, Jane Street Group LLC made a more aggressive move, raising its stake by a considerable 325.3% during the third quarter, while Citadel Advisors LLC established a new position in the same period.

JPUS Market Performance

Concerning market performance, the JPUS opened at $96.87 on a recent Wednesday. The ETF's market behavior showed a fifty day simple moving average of $94.05, with a 200-day simple moving average standing at $95.95. The ETF currently holds a market capitalization of $460.13 million, a price-to-earnings (PE) ratio of 12.91, and a beta of 0.96, indicating moderate volatility. Over the past 12 months, JPUS has fluctuated between a low of $89.59 and a high of $101.29.

About JPMorgan Diversified Return US Equity ETF

The JPUS is an exchange-traded fund primarily investing in large-cap equity within the United States. It follows an index selected from the Russell 1000, based on factors such as relative value, momentum, and quality. The ETF is designed to provide equal risk contribution across various sectors, with holdings equally weighted within those sectors.

GeoWealth, JPMorgan, ETF