JPMorgan International Value ETF (NASDAQ:JIVE) Shares Break Above 200 Day Moving Average – Here’s What Happened

JPMorgan International Value ETF (NASDAQ:JIVE)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $93.17 and traded as high as $95.70. JPMorgan International Value ETF shares last traded at $95.33, with a volume of 501,615 shares trading hands.

JPMorgan International Value ETF Stock Down 0.4%

The company has a 50 day moving average of $97.34 and a two-hundred day moving average of $93.24. The firm has a market cap of $4.11 billion, a P/E ratio of -854.18 and a beta of 0.47.

Hedge Funds Weigh In On JPMorgan International Value ETF

Several hedge funds have recently made changes to their positions in JIVE. AdvisorNet Financial Inc raised its holdings in JPMorgan International Value ETF by 6.2% during the 1st quarter. AdvisorNet Financial Inc now owns 1,996 shares of the ETF’s stock worth $171,000 after buying an additional 116 shares during the period. Focus Financial Network Inc. boosted its holdings in shares of JPMorgan International Value ETF by 0.5% in the second quarter. Focus Financial Network Inc. now owns 23,507 shares of the ETF’s stock worth $2,162,000 after buying an additional 117 shares during the period. 3Chopt Investment Partners LLC boosted its holdings in shares of JPMorgan International Value ETF by 4.9% in the first quarter. 3Chopt Investment Partners LLC now owns 2,820 shares of the ETF’s stock worth $242,000 after buying an additional 131 shares during the period. NewEdge Advisors LLC increased its position in shares of JPMorgan International Value ETF by 5.7% in the first quarter. NewEdge Advisors LLC now owns 3,803 shares of the ETF’s stock worth $326,000 after acquiring an additional 206 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in shares of JPMorgan International Value ETF in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds 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.