JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 1-Year High – Here’s What Happened

JPMorgan International Value ETF (NASDAQ:JIVE) shares hit a new 52-week high on Wednesday . The stock traded as high as $97.62 and last traded at $97.49, with a volume of 33721 shares traded. The stock had previously closed at $96.82.

JPMorgan International Value ETF Trading Up 0.1%

The firm has a market cap of $3.54 billion, a P/E ratio of -886.82 and a beta of 0.45. The firm has a 50-day simple moving average of $93.74 and a 200-day simple moving average of $90.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JIVE. LPL Financial LLC boosted its holdings in JPMorgan International Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 1,724,611 shares of the ETF’s stock valued at $138,449,000 after purchasing an additional 295,833 shares during the last quarter. RiverFront Investment Group LLC boosted its holdings in JPMorgan International Value ETF by 4.2% during the fourth quarter. RiverFront Investment Group LLC now owns 1,409,592 shares of the ETF’s stock worth $113,160,000 after buying an additional 57,349 shares in the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan International Value ETF by 2,197.2% during the first quarter. Bank of America Corp DE now owns 1,165,983 shares of the ETF’s stock worth $99,855,000 after buying an additional 1,115,227 shares in the last quarter. Osaic Holdings Inc. grew its position in JPMorgan International Value ETF by 48.0% during the fourth quarter. Osaic Holdings Inc. now owns 723,516 shares of the ETF’s stock valued at $58,084,000 after buying an additional 234,583 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in JPMorgan International Value ETF by 29.0% during the first quarter. Janney Montgomery Scott LLC now owns 536,470 shares of the ETF’s stock valued at $45,943,000 after buying an additional 120,721 shares during the period. Hedge funds and other institutional investors own 65.36% of the company’s stock.

JPMorgan International Value ETF Company Profile

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.