JPMorgan International Value ETF (NASDAQ:JIVE) Hits New 12-Month High – Here’s What Happened

Shares of JPMorgan International Value ETF (NASDAQ:JIVE) reached a new 52-week high during trading on Tuesday . The company traded as high as $98.31 and last traded at $97.95, with a volume of 246254 shares traded. The stock had previously closed at $97.66.

JPMorgan International Value ETF Stock Up 0.5%

The firm has a market cap of $3.53 billion, a PE ratio of -884.00 and a beta of 0.45. The firm has a 50-day moving average price of $94.27 and a two-hundred day moving average price of $90.98.

Institutional Investors Weigh In On JPMorgan International Value ETF

A number of hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in JPMorgan International Value ETF by 4,765.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 19,267 shares of the ETF’s stock valued at $1,547,000 after acquiring an additional 18,871 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in JPMorgan International Value ETF in the 4th quarter valued at about $504,000. RFG Advisory LLC purchased a new position in JPMorgan International Value ETF in the 1st quarter worth approximately $1,469,000. Plan Group Financial LLC lifted its stake in JPMorgan International Value ETF by 46.7% in the 4th quarter. Plan Group Financial LLC now owns 38,228 shares of the ETF’s stock worth $3,069,000 after purchasing an additional 12,170 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of JPMorgan International Value ETF during the 4th quarter worth approximately $500,000. 65.36% of the stock is currently owned by institutional investors and hedge funds.

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.