JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 12-Month High – Time to Buy?

Shares of JPMorgan International Value ETF (NASDAQ:JIVE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.64 and last traded at $98.58, with a volume of 412363 shares. The stock had previously closed at $97.92.

JPMorgan International Value ETF Stock Performance

The stock has a market capitalization of $3.58 billion, a P/E ratio of -896.18 and a beta of 0.45. The firm has a 50-day moving average price of $95.04 and a 200 day moving average price of $91.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in JPMorgan International Value ETF in the fourth quarter worth about $504,000. RFG Advisory LLC bought a new stake in shares of JPMorgan International Value ETF in the 1st quarter worth approximately $1,469,000. Evernest Financial Advisors LLC bought a new stake in shares of JPMorgan International Value ETF in the 1st quarter worth approximately $1,240,000. Cetera Investment Advisers grew its stake in shares of JPMorgan International Value ETF by 116.2% in the 1st quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock worth $43,685,000 after buying an additional 274,160 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in JPMorgan International Value ETF during the 4th quarter valued at approximately $500,000. 65.36% of the stock is owned by hedge funds and other institutional investors.

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.