JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 52-Week High – Here’s Why

JPMorgan International Value ETF (NASDAQ:JIVE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $92.34 and last traded at $92.22, with a volume of 30900 shares. The stock had previously closed at $89.24.

JPMorgan International Value ETF Trading Up 2.0%

The company has a market cap of $2.35 billion, a price-to-earnings ratio of -839.00 and a beta of 0.46. The business has a fifty day moving average price of $87.80 and a two-hundred day moving average price of $83.55.

Hedge Funds Weigh In On JPMorgan International Value ETF

A number of hedge funds have recently added to or reduced their stakes in JIVE. Royal Bank of Canada increased its holdings in JPMorgan International Value ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 24,864 shares of the software maker’s stock worth $1,538,000 after buying an additional 953 shares during the last quarter. Jane Street Group LLC increased its holdings in JPMorgan International Value ETF by 142.7% in the first quarter. Jane Street Group LLC now owns 75,886 shares of the software maker’s stock worth $4,694,000 after buying an additional 44,613 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in JPMorgan International Value ETF during the second quarter worth approximately $2,633,000. Raymond James Financial Inc. boosted its position in JPMorgan International Value ETF by 160.3% during the second quarter. Raymond James Financial Inc. now owns 445,031 shares of the software maker’s stock worth $30,840,000 after purchasing an additional 274,037 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in JPMorgan International Value ETF by 198.2% during the second quarter. Benjamin Edwards Inc. now owns 17,056 shares of the software maker’s stock worth $1,182,000 after purchasing an additional 11,337 shares during the period. Institutional investors and hedge funds own 65.36% of the company’s stock.

About JPMorgan International Value ETF

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.