JPMorgan International Value ETF (NASDAQ:JIVE) Sets New 52-Week High – Should You Buy?

JPMorgan International Value ETF (NASDAQ:JIVE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $98.70 and last traded at $98.70, with a volume of 1577 shares traded. The stock had previously closed at $97.70.

JPMorgan International Value ETF Trading Up 0.3%

The stock has a market capitalization of $3.56 billion, a PE ratio of -891.00 and a beta of 0.45. The firm’s fifty day moving average price is $94.51 and its two-hundred day moving average price is $91.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of 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 worth $1,538,000 after acquiring an additional 953 shares in the last quarter. Jane Street Group LLC increased its stake in shares of JPMorgan International Value ETF by 142.7% in the 1st quarter. Jane Street Group LLC now owns 75,886 shares of the ETF’s stock valued at $4,694,000 after purchasing an additional 44,613 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in JPMorgan International Value ETF in the 2nd quarter worth about $2,633,000. Raymond James Financial Inc. boosted its position 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 in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in JPMorgan International Value ETF by 198.2% during the second quarter. Benjamin Edwards Inc. now owns 17,056 shares of the ETF’s stock worth $1,182,000 after purchasing an additional 11,337 shares in the last quarter. Hedge funds and other institutional investors own 65.36% of the company’s stock.

JPMorgan International Value ETF Company Profile

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.