JPMorgan International Value ETF (NASDAQ:JIVE) Hits New 1-Year High – Should You Buy?

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

JPMorgan International Value ETF Trading Up 0.5%

The company has a 50-day simple moving average of $93.57 and a 200 day simple moving average of $90.48. The company has a market cap of $3.53 billion, a P/E ratio of -884.64 and a beta of 0.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. G&S Capital LLC grew its position in shares of JPMorgan International Value ETF by 2.1% during the 2nd quarter. G&S Capital LLC now owns 45,007 shares of the ETF’s stock worth $4,139,000 after buying an additional 941 shares in the last quarter. KWB Wealth grew its position in shares of JPMorgan International Value ETF by 25.8% in the 2nd quarter. KWB Wealth now owns 110,823 shares of the ETF’s stock worth $10,191,000 after buying an additional 22,699 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of JPMorgan International Value ETF during the second quarter worth $331,000. Wealthcare Advisory Partners LLC acquired a new position in JPMorgan International Value ETF during the 2nd quarter valued at about $6,191,000. Finally, Focus Financial Network Inc. raised its position in shares of JPMorgan International Value ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 23,507 shares of the ETF’s stock valued at $2,162,000 after purchasing an additional 117 shares during the last quarter. 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.