JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Hits New 12-Month High – Should You Buy?

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.41 and last traded at $77.4350, with a volume of 5739 shares changing hands. The stock had previously closed at $77.10.

JPMorgan International Research Enhanced Equity ETF Stock Up 0.4%

The firm’s 50 day simple moving average is $74.96 and its 200 day simple moving average is $73.28. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 16.04 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Logan Capital Management Inc. bought a new stake in shares of JPMorgan International Research Enhanced Equity ETF during the second quarter valued at about $26,000. Bessemer Group Inc. acquired a new position in JPMorgan International Research Enhanced Equity ETF during the 3rd quarter valued at about $29,000. Blue Trust Inc. bought a new stake in shares of JPMorgan International Research Enhanced Equity ETF during the 2nd quarter worth about $30,000. Creekmur Asset Management LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 2nd quarter worth approximately $34,000. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 3rd quarter worth approximately $37,000.

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.