JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Sees Large Volume Increase – Time to Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) shares saw an uptick in trading volume on Wednesday . 771,663 shares changed hands during trading, an increase of 131% from the previous session’s volume of 334,610 shares.The stock last traded at $65.00 and had previously closed at $65.38.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The stock’s fifty day simple moving average is $63.11 and its two-hundred day simple moving average is $62.69. The stock has a market capitalization of $6.60 billion, a P/E ratio of 17.02 and a beta of 0.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in JPMorgan International Research Enhanced Equity ETF by 8.7% in the fourth quarter. JPMorgan Chase & Co. now owns 65,333,419 shares of the company’s stock valued at $3,822,658,000 after buying an additional 5,229,621 shares during the period. FMR LLC raised its position in shares of JPMorgan International Research Enhanced Equity ETF by 34.6% in the 3rd quarter. FMR LLC now owns 12,172,036 shares of the company’s stock worth $803,720,000 after acquiring an additional 3,127,580 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of JPMorgan International Research Enhanced Equity ETF in the 4th quarter valued at about $41,002,000. Lido Advisors LLC acquired a new position in shares of JPMorgan International Research Enhanced Equity ETF in the 4th quarter valued at about $21,972,000. Finally, Jane Street Group LLC boosted its position in shares of JPMorgan International Research Enhanced Equity ETF by 1,195.7% during the 4th quarter. Jane Street Group LLC now owns 364,619 shares of the company’s stock valued at $21,334,000 after purchasing an additional 336,479 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.