JPMorgan International Value ETF (NASDAQ:JIVE – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $97.62 and last traded at $97.49, with a volume of 33721 shares changing hands. The stock had previously closed at $96.82.
JPMorgan International Value ETF Trading Up 0.5%
The stock has a market cap of $3.53 billion, a price-to-earnings ratio of -884.64 and a beta of 0.45. The firm’s 50-day moving average is $93.57 and its two-hundred day moving average is $90.48.
Hedge Funds Weigh In On JPMorgan International Value ETF
A number of institutional investors and hedge funds have recently bought and sold shares of JIVE. Clarity Asset Management Inc. purchased a new stake in shares of JPMorgan International Value ETF in the fourth quarter valued at approximately $29,000. Wells Fargo & Company MN acquired a new stake in shares of JPMorgan International Value ETF during the 4th quarter worth about $37,000. Advisory Services Network LLC purchased a new stake in shares of JPMorgan International Value ETF in the 3rd quarter valued at approximately $39,000. Ancora Advisors LLC purchased a new stake in JPMorgan International Value ETF in the third quarter valued at approximately $47,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan International Value ETF in the 3rd quarter valued at $48,000. 65.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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