JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Reaches New 12-Month High – Still a Buy?

Shares of JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $72.88 and last traded at $72.64, with a volume of 52579 shares changing hands. The stock had previously closed at $72.33.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 16.04 and a beta of -1.00. The company has a 50-day moving average of $70.39 and a 200-day moving average of $66.71.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Several institutional investors have recently added to or reduced their stakes in JIRE. Wells Fargo & Company MN increased its position in JPMorgan International Research Enhanced Equity ETF by 1,197.6% during the 4th quarter. Wells Fargo & Company MN now owns 545 shares of the company’s stock worth $32,000 after purchasing an additional 503 shares during the period. Raymond James Financial Inc. acquired a new position in JPMorgan International Research Enhanced Equity ETF during the 4th quarter worth approximately $18,715,000. Concourse Financial Group Securities Inc. increased its position in JPMorgan International Research Enhanced Equity ETF by 17.1% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 7,046 shares of the company’s stock worth $427,000 after purchasing an additional 1,029 shares during the period. Tradition Wealth Management LLC increased its position in JPMorgan International Research Enhanced Equity ETF by 1,978.8% during the 4th quarter. Tradition Wealth Management LLC now owns 197,879 shares of the company’s stock worth $11,578,000 after purchasing an additional 188,360 shares during the period. Finally, Lido Advisors LLC acquired a new position in JPMorgan International Research Enhanced Equity ETF during the 4th quarter worth approximately $21,972,000.

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.