JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 1-Year High – Still a Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) hit a new 52-week high on Monday . The stock traded as high as $77.41 and last traded at $77.4350, with a volume of 5739 shares traded. The stock had previously closed at $77.10.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The firm has a fifty day moving average of $74.96 and a 200 day moving average of $73.28. The firm has a market capitalization of $10.02 billion, a PE ratio of 16.04 and a beta of 0.82.

Institutional Investors Weigh In On JPMorgan International Research Enhanced Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JPMorgan International Research Enhanced Equity ETF by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,341,220 shares of the company’s stock valued at $4,511,033,000 after purchasing an additional 1,420,374 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of JPMorgan International Research Enhanced Equity ETF by 183.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,061,888 shares of the company’s stock worth $145,920,000 after buying an additional 1,335,567 shares in the last quarter. MML Investors Services LLC grew its position in shares of JPMorgan International Research Enhanced Equity ETF by 887.6% during the second quarter. MML Investors Services LLC now owns 1,358,561 shares of the company’s stock worth $96,145,000 after buying an additional 1,221,003 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of JPMorgan International Research Enhanced Equity ETF by 107.5% in the second quarter. Bogart Wealth LLC now owns 1,621,384 shares of the company’s stock worth $114,745,000 after buying an additional 840,152 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in JPMorgan International Research Enhanced Equity ETF by 194.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,001,264 shares of the company’s stock valued at $70,859,000 after acquiring an additional 661,762 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.