JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 52-Week High – Here’s Why

JPMorgan International Value ETF (NASDAQ:JIVE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $95.21 and last traded at $95.10, with a volume of 43034 shares changing hands. The stock had previously closed at $93.51.

JPMorgan International Value ETF Stock Performance

The stock has a market cap of $3.41 billion, a PE ratio of -868.82 and a beta of 0.46. The firm’s 50-day moving average is $92.85 and its 200 day moving average is $89.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position 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 software maker’s stock valued at $99,855,000 after buying an additional 1,115,227 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of JPMorgan International Value ETF in the fourth quarter valued at about $40,580,000. LPL Financial LLC boosted its stake 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 software maker’s stock worth $138,449,000 after acquiring an additional 295,833 shares in the last quarter. Cetera Investment Advisers boosted its position in JPMorgan International Value ETF by 116.2% during the first quarter. Cetera Investment Advisers now owns 510,101 shares of the software maker’s stock worth $43,685,000 after purchasing an additional 274,160 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of JPMorgan International Value ETF by 160.3% in the 2nd quarter. Raymond James Financial Inc. now owns 445,031 shares of the software maker’s stock worth $30,840,000 after buying an additional 274,037 shares in the last quarter. 65.36% of the stock is currently owned by hedge funds and other institutional investors.

About JPMorgan International Value ETF

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.