JPMorgan International Growth ETF (NYSEARCA:JIG) Trading Down 0.7% – Here’s Why

JPMorgan International Growth ETF (NYSEARCA:JIG)’s stock price dropped 0.7% during trading on Wednesday . The company traded as low as $82.42 and last traded at $82.50. Approximately 22,256 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 34,505 shares. The stock had previously closed at $83.05.

JPMorgan International Growth ETF Trading Down 1.2%

The company’s fifty day moving average is $83.99 and its 200 day moving average is $80.38. The company has a market capitalization of $467.25 million, a P/E ratio of 24.51 and a beta of 0.97.

Hedge Funds Weigh In On JPMorgan International Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GeoWealth Management LLC grew its holdings in shares of JPMorgan International Growth ETF by 7.9% during the 4th quarter. GeoWealth Management LLC now owns 2,076 shares of the company’s stock valued at $152,000 after purchasing an additional 152 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in JPMorgan International Growth ETF by 4.6% in the first quarter. NewEdge Advisors LLC now owns 3,517 shares of the company’s stock valued at $261,000 after acquiring an additional 155 shares in the last quarter. 3Chopt Investment Partners LLC increased its position in shares of JPMorgan International Growth ETF by 7.5% during the fourth quarter. 3Chopt Investment Partners LLC now owns 2,259 shares of the company’s stock valued at $166,000 after buying an additional 157 shares during the period. SOL Capital Management CO grew its holdings in shares of JPMorgan International Growth ETF by 1.7% during the 4th quarter. SOL Capital Management CO now owns 10,265 shares of the company’s stock worth $753,000 after acquiring an additional 175 shares during the period. Finally, Prism Advisors Inc. grew its stake in JPMorgan International Growth ETF by 0.3% in the first quarter. Prism Advisors Inc. now owns 56,769 shares of the company’s stock worth $4,215,000 after purchasing an additional 187 shares during the period.

About JPMorgan International Growth ETF

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.