JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Hits New 52-Week High – Here’s Why

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $83.51 and last traded at $83.41, with a volume of 37849 shares trading hands. The stock had previously closed at $81.72.

JPMorgan International Research Enhanced Equity ETF Price Performance

The company’s 50 day simple moving average is $80.78 and its 200 day simple moving average is $78.86. The company has a market capitalization of $11.17 billion, a PE ratio of 16.04 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its stake in JPMorgan International Research Enhanced Equity ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 5,936,698 shares of the company’s stock worth $444,540,000 after acquiring an additional 177,001 shares in the last quarter. Eastern Bank boosted its stake in JPMorgan International Research Enhanced Equity ETF by 12.8% in the second quarter. Eastern Bank now owns 2,293,479 shares of the company’s stock valued at $189,189,000 after acquiring an additional 260,638 shares in the last quarter. MML Investors Services LLC boosted its stake in JPMorgan International Research Enhanced Equity ETF by 18.8% in the fourth quarter. MML Investors Services LLC now owns 1,780,194 shares of the company’s stock valued at $133,301,000 after acquiring an additional 281,363 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,777,070 shares of the company’s stock worth $133,067,000 after purchasing an additional 45,782 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 12.7% during the fourth quarter. CWM LLC now owns 1,706,206 shares of the company’s stock worth $127,761,000 after purchasing an additional 191,685 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.