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

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw an uptick in trading volume on Wednesday . 771,663 shares changed hands during trading, an increase of 131% from the previous session’s volume of 334,610 shares.The stock last traded at $65.00 and had previously closed at $65.38.

JPMorgan International Research Enhanced Equity ETF Trading Down 0.6 %

The company’s fifty day moving average is $63.34 and its two-hundred day moving average is $62.71. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 17.02 and a beta of 0.92.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JIRE. Mascagni Wealth Management Inc. purchased a new position in JPMorgan International Research Enhanced Equity ETF in the 4th quarter valued at approximately $30,000. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan International Research Enhanced Equity ETF by 183.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,757 shares of the company’s stock worth $8,762,000 after acquiring an additional 97,014 shares during the period. BridgePort Financial Solutions LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the fourth quarter valued at $816,000. Great Valley Advisor Group Inc. boosted its holdings in JPMorgan International Research Enhanced Equity ETF by 11.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 734,829 shares of the company’s stock valued at $42,995,000 after purchasing an additional 72,724 shares during the period. Finally, GTS Securities LLC acquired a new position in JPMorgan International Research Enhanced Equity ETF during the 4th quarter worth $1,421,000.

JPMorgan International Research Enhanced Equity ETF Company Profile

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.