JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Shares of JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $81.07 and traded as low as $80.93. JPMorgan International Research Enhanced Equity ETF shares last traded at $80.96, with a volume of 467,480 shares.

JPMorgan International Research Enhanced Equity ETF Price Performance

The firm has a market cap of $10.87 billion, a PE ratio of 17.41 and a beta of 0.78. The stock has a 50-day moving average price of $82.58 and a 200 day moving average price of $81.09.

Institutional Trading of JPMorgan International Research Enhanced Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan International Research Enhanced Equity ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,208,978 shares of the company’s stock valued at $264,709,000 after acquiring an additional 108,160 shares during the last quarter. Eastern Bank acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the third quarter worth approximately $193,122,000. Lido Advisors LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the third quarter worth approximately $136,104,000. Commonwealth Equity Services LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the third quarter worth approximately $135,988,000. Finally, Cetera Investment Advisers grew its holdings in JPMorgan International Research Enhanced Equity ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 1,282,396 shares of the company’s stock valued at $97,128,000 after purchasing an additional 42,194 shares during the period.

JPMorgan International Research Enhanced Equity ETF Company Profile

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.