JPMorgan International Value ETF (NASDAQ:JIVE) Shares Cross Above 200-Day Moving Average – Here’s What Happened

JPMorgan International Value ETF (NASDAQ:JIVE) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $92.45 and traded as high as $98.46. JPMorgan International Value ETF shares last traded at $98.24, with a volume of 387,071 shares trading hands.

JPMorgan International Value ETF Stock Down 0.3%

The firm has a 50 day moving average of $97.01 and a 200-day moving average of $92.59. The company has a market cap of $4.03 billion, a P/E ratio of -877.64 and a beta of 0.45.

Hedge Funds Weigh In On JPMorgan International Value ETF

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of JPMorgan International Value ETF by 2,197.2% in the first quarter. Bank of America Corp DE now owns 1,165,983 shares of the ETF’s stock valued at $99,855,000 after acquiring an additional 1,115,227 shares in the last quarter. Envestnet Asset Management Inc. increased its position in JPMorgan International Value ETF by 65.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,612,993 shares of the ETF’s stock valued at $240,276,000 after purchasing an additional 1,035,252 shares during the period. Lido Advisors LLC purchased a new position in JPMorgan International Value ETF during the 4th quarter valued at about $40,580,000. LPL Financial LLC raised its holdings in shares of JPMorgan International Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 1,724,611 shares of the ETF’s stock valued at $138,449,000 after purchasing an additional 295,833 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan International Value ETF by 116.2% in the 1st quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock valued at $43,685,000 after purchasing an additional 274,160 shares in the last quarter. Hedge funds and other institutional investors own 65.36% of the company’s stock.

About JPMorgan International Value ETF

JPMorgan International Value ETF (NASDAQ: JIVE) is an exchange-traded fund managed by J.P. Morgan Asset Management. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located outside the United States.

JIVE uses an international value-investing approach, emphasizing companies that the portfolio management team believes are undervalued relative to their fundamentals or long-term growth prospects. Its portfolio may include businesses across developed and emerging markets and can provide exposure to multiple industries, countries and regions.

The ETF is designed for investors seeking diversified international equity exposure through a professionally managed portfolio.