JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 52-Week High – What’s Next?

JPMorgan International Value ETF (NASDAQ:JIVE) reached a new 52-week high during trading on Wednesday . The company 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 cap of $3.58 billion, a PE 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 Investors Weigh In On JPMorgan International Value ETF

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in JPMorgan International Value ETF by 2,197.2% in the 1st quarter. Bank of America Corp DE now owns 1,165,983 shares of the ETF’s stock worth $99,855,000 after buying an additional 1,115,227 shares in the last quarter. Lido Advisors LLC bought a new position in JPMorgan International Value ETF during the 4th quarter valued at about $40,580,000. LPL Financial LLC boosted its holdings in shares of JPMorgan International Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 1,724,611 shares of the ETF’s stock valued at $138,449,000 after acquiring an additional 295,833 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of JPMorgan International Value ETF by 116.2% during the 1st quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock valued at $43,685,000 after acquiring an additional 274,160 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of JPMorgan International Value ETF by 160.3% in the second quarter. Raymond James Financial Inc. now owns 445,031 shares of the ETF’s stock worth $30,840,000 after acquiring an additional 274,037 shares during the period. 65.36% of the stock is owned by hedge funds and other institutional investors.

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.