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

Shares of JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw unusually-strong trading volume on Wednesday . Approximately 1,649,879 shares were traded during mid-day trading, an increase of 191% from the previous session’s volume of 567,784 shares.The stock last traded at $79.30 and had previously closed at $78.28.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The firm has a market capitalization of $10.07 billion, a PE ratio of 16.04 and a beta of 0.82. The company has a fifty day moving average price of $78.69 and a 200-day moving average price of $75.62.

Institutional Trading of JPMorgan International Research Enhanced Equity ETF

A number of large investors have recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of JPMorgan International Research Enhanced Equity ETF in the 3rd quarter worth $1,216,000. Dearborn Partners LLC bought a new stake in JPMorgan International Research Enhanced Equity ETF during the third quarter valued at about $454,000. Etesian Wealth Advisors Inc. grew its stake in JPMorgan International Research Enhanced Equity ETF by 14.8% in the third quarter. Etesian Wealth Advisors Inc. now owns 90,021 shares of the company’s stock valued at $6,620,000 after purchasing an additional 11,590 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in JPMorgan International Research Enhanced Equity ETF by 40.3% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 189,410 shares of the company’s stock worth $13,929,000 after purchasing an additional 54,406 shares in the last quarter. Finally, Eastern Bank lifted its position in shares of JPMorgan International Research Enhanced Equity ETF by 78.0% during the third quarter. Eastern Bank now owns 1,018,563 shares of the company’s stock valued at $74,905,000 after buying an additional 446,367 shares during the last quarter.

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.