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

Shares of JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw unusually-high trading volume on Friday . Approximately 878,066 shares traded hands during trading, an increase of 200% from the previous session’s volume of 292,310 shares.The stock last traded at $62.14 and had previously closed at $61.29.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 16.01 and a beta of 0.84. The company’s 50-day moving average is $63.43 and its 200-day moving average is $63.60.

Institutional Investors Weigh In On JPMorgan International Research Enhanced Equity ETF

A number of hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in JPMorgan International Research Enhanced Equity ETF by 34.6% during the third quarter. FMR LLC now owns 12,172,036 shares of the company’s stock worth $803,720,000 after purchasing an additional 3,127,580 shares during the last quarter. Parcion Private Wealth LLC bought a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the second quarter valued at approximately $55,772,000. New England Professional Planning Group Inc. acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF during the 3rd quarter worth $47,821,000. LPL Financial LLC raised its position in shares of JPMorgan International Research Enhanced Equity ETF by 21.5% in the 3rd quarter. LPL Financial LLC now owns 2,776,806 shares of the company’s stock valued at $183,353,000 after buying an additional 492,080 shares in the last quarter. Finally, Choice Wealth Advisors LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 2nd quarter valued at $18,619,000.

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.