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

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) reached a new 52-week high during trading on Monday . The stock traded as high as $68.39 and last traded at $68.37, with a volume of 243476 shares. The stock had previously closed at $67.92.

JPMorgan International Research Enhanced Equity ETF Stock Up 0.9%

The stock has a market capitalization of $7.13 billion, a P/E ratio of 16.93 and a beta of 0.86. The firm’s 50 day simple moving average is $64.20 and its two-hundred day simple moving average is $62.52.

Institutional Investors Weigh In On JPMorgan International Research Enhanced Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Choice Wealth Advisors LLC boosted its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 3.6% in the fourth quarter. Choice Wealth Advisors LLC now owns 313,018 shares of the company’s stock worth $18,315,000 after acquiring an additional 10,913 shares during the period. Wealth Alliance Advisory Group LLC boosted its stake in JPMorgan International Research Enhanced Equity ETF by 1.6% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 273,848 shares of the company’s stock worth $16,023,000 after purchasing an additional 4,197 shares during the period. Purus Wealth Management LLC bought a new position in JPMorgan International Research Enhanced Equity ETF in the 4th quarter worth about $1,695,000. MassMutual Private Wealth & Trust FSB grew its holdings in JPMorgan International Research Enhanced Equity ETF by 3.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 18,227 shares of the company’s stock valued at $1,066,000 after buying an additional 664 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC increased its position in shares of JPMorgan International Research Enhanced Equity ETF by 47.0% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 28,691 shares of the company’s stock valued at $1,679,000 after buying an additional 9,168 shares during the period.

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.