JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 52-Week High – Time to Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.77 and last traded at $83.65, with a volume of 65975 shares. The stock had previously closed at $81.67.

JPMorgan International Research Enhanced Equity ETF Trading Down 0.6%

The firm has a market cap of $11.21 billion, a PE ratio of 16.04 and a beta of 0.78. The business has a fifty day moving average price of $81.82 and a 200 day moving average price of $79.83.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new stake in JPMorgan International Research Enhanced Equity ETF during the first quarter worth approximately $1,265,000. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 24.2% in the 2nd quarter. Raymond James Financial Inc. now owns 595,665 shares of the company’s stock valued at $42,155,000 after buying an additional 116,007 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of JPMorgan International Research Enhanced Equity ETF in the 2nd quarter valued at $17,652,000. IHT Wealth Management LLC acquired a new position in shares of JPMorgan International Research Enhanced Equity ETF in the 2nd quarter valued at $3,506,000. Finally, MML Investors Services LLC grew its position in shares of JPMorgan International Research Enhanced Equity ETF by 887.6% in the 2nd quarter. MML Investors Services LLC now owns 1,358,561 shares of the company’s stock valued at $96,145,000 after buying an additional 1,221,003 shares during the last quarter.

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.