JPMorgan International Growth ETF (NYSEARCA:JIG) Sees Strong Trading Volume – Still a Buy?

JPMorgan International Growth ETF (NYSEARCA:JIG) saw strong trading volume on Tuesday. Approximately 61,656 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 34,035 shares. The stock last traded at $86.2710 and had previously closed at $86.07.

JPMorgan International Growth ETF Trading Up 0.1%

The company has a market capitalization of $541.33 million, a P/E ratio of 24.51 and a beta of 0.98. The company’s 50 day moving average is $84.30 and its 200-day moving average is $82.61.

Hedge Funds Weigh In On JPMorgan International Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of JPMorgan International Growth ETF by 36,029.8% during the first quarter. Bank of America Corp DE now owns 660,453 shares of the company’s stock valued at $49,032,000 after purchasing an additional 658,625 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of JPMorgan International Growth ETF by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 313,705 shares of the company’s stock worth $27,347,000 after buying an additional 16,025 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in JPMorgan International Growth ETF by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 278,618 shares of the company’s stock worth $20,685,000 after acquiring an additional 16,226 shares in the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan International Growth ETF by 24.2% in the first quarter. Cetera Investment Advisers now owns 160,485 shares of the company’s stock worth $11,914,000 after acquiring an additional 31,225 shares in the last quarter. Finally, Key Financial Inc grew its stake in shares of JPMorgan International Growth ETF by 1.8% in the first quarter. Key Financial Inc now owns 101,863 shares of the company’s stock worth $7,562,000 after acquiring an additional 1,768 shares during the last quarter.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.