JPMorgan International Growth ETF (NYSEARCA:JIG) Trading Down 0.7% – Time to Sell?

JPMorgan International Growth ETF (NYSEARCA:JIG) was down 0.7% during mid-day trading on Wednesday . The stock traded as low as $82.42 and last traded at $82.50. 22,256 shares changed hands during trading, a decline of 35% from the average daily volume of 34,505 shares. The stock had previously closed at $83.05.

JPMorgan International Growth ETF Trading Down 0.7%

The business’s 50-day simple moving average is $84.03 and its 200 day simple moving average is $80.34. The company has a market capitalization of $478.50 million, a P/E ratio of 24.51 and a beta of 0.97.

Hedge Funds Weigh In On JPMorgan International Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JIG. Bank of America Corp DE lifted its stake in JPMorgan International Growth ETF by 36,029.8% during the first quarter. Bank of America Corp DE now owns 660,453 shares of the company’s stock valued at $49,032,000 after purchasing an additional 658,625 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of JPMorgan International Growth ETF during the 2nd quarter worth $7,451,000. Fidelity D & D Bancorp Inc. acquired a new stake in shares of JPMorgan International Growth ETF during the fourth quarter worth $6,997,000. Jane Street Group LLC lifted its holdings in shares of JPMorgan International Growth ETF by 668.8% during the second quarter. Jane Street Group LLC now owns 40,393 shares of the company’s stock valued at $2,889,000 after purchasing an additional 35,139 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of JPMorgan International Growth ETF by 24.2% in the 1st quarter. Cetera Investment Advisers now owns 160,485 shares of the company’s stock valued at $11,914,000 after purchasing an additional 31,225 shares during the period.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.