JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 52-Week High – Time to Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.28 and last traded at $81.19, with a volume of 910888 shares trading hands. The stock had previously closed at $80.00.

JPMorgan International Research Enhanced Equity ETF Stock Up 1.5%

The company has a market cap of $10.31 billion, a price-to-earnings ratio of 16.04 and a beta of 0.82. The business’s fifty day simple moving average is $76.68 and its two-hundred day simple moving average is $74.42.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Large investors have recently bought and sold shares of the stock. Factory Mutual Insurance Co. acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 4th quarter worth $125,134,000. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,341,220 shares of the company’s stock valued at $4,511,033,000 after buying an additional 1,420,374 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan International Research Enhanced Equity ETF by 183.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,061,888 shares of the company’s stock valued at $145,920,000 after buying an additional 1,335,567 shares in the last quarter. MML Investors Services LLC grew its holdings in 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 acquiring an additional 1,221,003 shares during the period. Finally, Bogart Wealth LLC grew its holdings in JPMorgan International Research Enhanced Equity ETF by 107.5% during the second quarter. Bogart Wealth LLC now owns 1,621,384 shares of the company’s stock worth $114,745,000 after acquiring an additional 840,152 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.