JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-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 traded.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The company has a fifty day simple moving average of $82.67 and a 200 day simple moving average of $81.07. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 17.41 and a beta of 0.78.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan International Research Enhanced Equity ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,208,978 shares of the company’s stock valued at $264,709,000 after purchasing an additional 108,160 shares in the last quarter. Eastern Bank purchased a new position in JPMorgan International Research Enhanced Equity ETF during the third quarter worth about $193,122,000. Lido Advisors LLC purchased a new position in JPMorgan International Research Enhanced Equity ETF during the third quarter worth about $136,104,000. Commonwealth Equity Services LLC bought a new stake in JPMorgan International Research Enhanced Equity ETF in the 3rd quarter worth about $135,988,000. Finally, Cetera Investment Advisers grew its position in JPMorgan International Research Enhanced Equity ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 1,282,396 shares of the company’s stock worth $97,128,000 after purchasing an additional 42,194 shares in the last quarter.

About JPMorgan International Research Enhanced Equity ETF

(Get Free Report)

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.

Further Reading

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