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

JPMorgan International Value ETF (NASDAQ:JIVE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.64 and last traded at $98.58, with a volume of 412363 shares trading hands. The stock had previously closed at $97.92.

JPMorgan International Value ETF Stock Performance

The stock’s 50 day moving average is $95.34 and its 200 day moving average is $91.72. The company has a market capitalization of $3.62 billion, a PE ratio of -907.45 and a beta of 0.45.

Institutional Investors Weigh In On JPMorgan International Value ETF

Several institutional investors have recently made changes to their positions in the stock. MLG Wealth Management DBA Pine Grove Financial Group grew its position in shares of JPMorgan International Value ETF by 71.5% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 9,693 shares of the ETF’s stock valued at $891,000 after purchasing an additional 4,042 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in JPMorgan International Value ETF by 28.1% during the 2nd quarter. Aspire Capital Advisors LLC now owns 168,752 shares of the ETF’s stock worth $15,517,000 after purchasing an additional 36,983 shares in the last quarter. Unique Wealth LLC boosted its stake in JPMorgan International Value ETF by 135.6% in the 2nd quarter. Unique Wealth LLC now owns 12,221 shares of the ETF’s stock worth $1,124,000 after purchasing an additional 7,033 shares during the period. Hopwood Nicholas Hunter purchased a new position in JPMorgan International Value ETF during the 2nd quarter valued at about $1,377,000. Finally, Elevation Wealth Management LLC grew its holdings in JPMorgan International Value ETF by 27.3% during the 2nd quarter. Elevation Wealth Management LLC now owns 4,271 shares of the ETF’s stock valued at $393,000 after buying an additional 917 shares in the last quarter. 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.