JPMorgan International Value ETF (NASDAQ:JIVE) Reaches New 1-Year High – Still a Buy?

JPMorgan International Value ETF (NASDAQ:JIVE) shares reached a new 52-week high on Monday . The stock traded as high as $95.00 and last traded at $94.60, with a volume of 17800 shares trading hands. The stock had previously closed at $93.60.

JPMorgan International Value ETF Stock Performance

The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -859.45 and a beta of 0.45. The firm’s 50-day simple moving average is $90.85 and its two-hundred day simple moving average is $86.55.

Institutional Investors Weigh In On JPMorgan International Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pine Valley Investments Ltd Liability Co increased its position in JPMorgan International Value ETF by 216.3% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 153,576 shares of the software maker’s stock valued at $13,152,000 after acquiring an additional 105,019 shares in the last quarter. NewEdge Advisors LLC increased its position in JPMorgan International Value ETF by 5.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,803 shares of the software maker’s stock valued at $326,000 after acquiring an additional 206 shares in the last quarter. Bank of America Corp DE increased its position in JPMorgan International Value ETF by 2,197.2% in the 1st quarter. Bank of America Corp DE now owns 1,165,983 shares of the software maker’s stock valued at $99,855,000 after acquiring an additional 1,115,227 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in JPMorgan International Value ETF in the 1st quarter valued at about $1,435,000. Finally, Royal Bank of Canada increased its position in JPMorgan International Value ETF by 37.7% in the 1st quarter. Royal Bank of Canada now owns 477,108 shares of the software maker’s stock valued at $40,860,000 after acquiring an additional 130,621 shares in the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.

JPMorgan International Value ETF Company Profile

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.