JPMorgan International Value ETF (NASDAQ:JIVE) Hits New 1-Year High – Here’s What Happened

JPMorgan International Value ETF (NASDAQ:JIVE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.21 and last traded at $99.7210, with a volume of 297702 shares traded. The stock had previously closed at $100.08.

JPMorgan International Value ETF Stock Down 0.5%

The stock has a market capitalization of $3.58 billion, a PE ratio of -897.82 and a beta of 0.45. The business’s 50-day moving average is $95.97 and its two-hundred day moving average is $91.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC acquired a new stake in JPMorgan International Value ETF during the 4th quarter worth $504,000. RFG Advisory LLC purchased a new stake in JPMorgan International Value ETF during the 1st quarter valued at approximately $1,469,000. Thoroughbred Financial Services LLC acquired a new stake in JPMorgan International Value ETF during the 4th quarter worth approximately $500,000. Evernest Financial Advisors LLC acquired a new stake in JPMorgan International Value ETF during the 1st quarter worth approximately $1,240,000. Finally, Cetera Investment Advisers lifted its holdings in shares of JPMorgan International Value ETF by 116.2% during the first quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock worth $43,685,000 after purchasing an additional 274,160 shares during the period. 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.