JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 12-Month High – Time to Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $83.51 and last traded at $83.41, with a volume of 37849 shares traded. The stock had previously closed at $81.72.

JPMorgan International Research Enhanced Equity ETF Stock Up 1.5%

The stock has a market cap of $11.19 billion, a PE ratio of 16.04 and a beta of 0.78. The business’s 50-day simple moving average is $80.64 and its 200-day simple moving average is $78.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Eastern Bank raised its position in JPMorgan International Research Enhanced Equity ETF by 12.8% during the 2nd quarter. Eastern Bank now owns 2,293,479 shares of the company’s stock valued at $189,189,000 after purchasing an additional 260,638 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 1st quarter worth approximately $8,385,000. NewEdge Advisors LLC increased its stake in shares of JPMorgan International Research Enhanced Equity ETF by 74.7% during the first quarter. NewEdge Advisors LLC now owns 62,132 shares of the company’s stock valued at $4,706,000 after buying an additional 26,574 shares during the period. Ruggaard & Associates LLC increased its stake in shares of JPMorgan International Research Enhanced Equity ETF by 3.3% during the first quarter. Ruggaard & Associates LLC now owns 14,612 shares of the company’s stock valued at $1,107,000 after buying an additional 460 shares during the period. Finally, Vestor Capital LLC raised its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 55,716.2% during the first quarter. Vestor Capital LLC now owns 326,525 shares of the company’s stock valued at $24,731,000 after acquiring an additional 325,940 shares in the last quarter.

About JPMorgan International Research Enhanced Equity ETF

The JPMorgan International Research Enhanced Equity ETF (JIRE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to stocks of any market capitalization from developed markets, excluding North America. JIRE was launched on Jun 10, 2022 and is managed by JPMorgan Chase.