JPMorgan International Value ETF (NASDAQ:JIVE) Hits New 52-Week High – Time to Buy?

JPMorgan International Value ETF (NASDAQ:JIVE)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $96.77 and last traded at $96.61, with a volume of 405414 shares traded. The stock had previously closed at $95.87.

JPMorgan International Value ETF Trading Up 0.1%

The firm has a 50 day moving average of $93.33 and a 200-day moving average of $90.20. The company has a market cap of $3.51 billion, a P/E ratio of -879.45 and a beta of 0.45.

Institutional Trading of JPMorgan International Value ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in JPMorgan International Value ETF by 4.0% during the 1st quarter. Royal Bank of Canada now owns 24,864 shares of the ETF’s stock valued at $1,538,000 after acquiring an additional 953 shares during the period. Jane Street Group LLC increased its stake in JPMorgan International Value ETF by 142.7% during the first quarter. Jane Street Group LLC now owns 75,886 shares of the ETF’s stock worth $4,694,000 after acquiring an additional 44,613 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of JPMorgan International Value ETF in the 2nd quarter worth approximately $2,633,000. Raymond James Financial Inc. increased its stake in JPMorgan International Value ETF by 160.3% during the second quarter. Raymond James Financial Inc. now owns 445,031 shares of the ETF’s stock worth $30,840,000 after purchasing an additional 274,037 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of JPMorgan International Value ETF by 198.2% in the second quarter. Benjamin Edwards Inc. now owns 17,056 shares of the ETF’s stock valued at $1,182,000 after purchasing an additional 11,337 shares during the period. Hedge funds and other institutional investors own 65.36% of the company’s stock.

About JPMorgan International Value ETF

JPMorgan International Value ETF (NASDAQ: JIVE) is an exchange-traded fund managed by J.P. Morgan Asset Management. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located outside the United States.

JIVE uses an international value-investing approach, emphasizing companies that the portfolio management team believes are undervalued relative to their fundamentals or long-term growth prospects. Its portfolio may include businesses across developed and emerging markets and can provide exposure to multiple industries, countries and regions.

The ETF is designed for investors seeking diversified international equity exposure through a professionally managed portfolio.