JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Sees Strong Trading Volume – Still a Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw an uptick in trading volume on Friday . 277,234 shares were traded during trading, a decline of 26% from the previous session’s volume of 373,916 shares.The stock last traded at $67.67 and had previously closed at $67.70.

JPMorgan International Research Enhanced Equity ETF Stock Up 0.3%

The firm’s 50-day moving average is $64.20 and its 200-day moving average is $62.52. The company has a market cap of $7.07 billion, a PE ratio of 16.93 and a beta of 0.86.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of JIRE. Sax Wealth Advisors LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF in the fourth quarter worth about $5,768,000. Lake Street Private Wealth LLC grew its holdings in JPMorgan International Research Enhanced Equity ETF by 25.2% in the fourth quarter. Lake Street Private Wealth LLC now owns 9,894 shares of the company’s stock worth $579,000 after purchasing an additional 1,991 shares during the period. Choice Wealth Advisors LLC grew its holdings in JPMorgan International Research Enhanced Equity ETF by 3.6% in the fourth quarter. Choice Wealth Advisors LLC now owns 313,018 shares of the company’s stock worth $18,315,000 after purchasing an additional 10,913 shares during the period. Wealth Alliance Advisory Group LLC grew its holdings in JPMorgan International Research Enhanced Equity ETF by 1.6% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 273,848 shares of the company’s stock worth $16,023,000 after purchasing an additional 4,197 shares during the period. Finally, Purus Wealth Management LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF in the fourth quarter worth about $1,695,000.

About JPMorgan International Research Enhanced Equity ETF

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.