JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 12-Month High – Still a Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $83.14 and last traded at $83.12, with a volume of 14394 shares. The stock had previously closed at $82.46.

JPMorgan International Research Enhanced Equity ETF Price Performance

The firm has a market cap of $11.02 billion, a PE ratio of 16.04 and a beta of 0.78. The stock has a 50-day moving average price of $80.14 and a 200 day moving average price of $78.27.

Institutional Trading of JPMorgan International Research Enhanced Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JIRE. Integrated Capital Management LLC lifted its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 1.3% during the 4th quarter. Integrated Capital Management LLC now owns 9,922 shares of the company’s stock worth $743,000 after acquiring an additional 132 shares during the period. Shira Ridge Wealth Management grew its holdings in JPMorgan International Research Enhanced Equity ETF by 3.2% in the fourth quarter. Shira Ridge Wealth Management now owns 4,466 shares of the company’s stock valued at $334,000 after purchasing an additional 137 shares during the period. Cedar Mountain Advisors LLC increased its position in JPMorgan International Research Enhanced Equity ETF by 3.5% during the first quarter. Cedar Mountain Advisors LLC now owns 4,163 shares of the company’s stock worth $315,000 after purchasing an additional 142 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in JPMorgan International Research Enhanced Equity ETF by 2.5% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 6,005 shares of the company’s stock worth $450,000 after purchasing an additional 145 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in JPMorgan International Research Enhanced Equity ETF by 2.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,893 shares of the company’s stock worth $516,000 after purchasing an additional 145 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.