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

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw strong trading volume on Tuesday . 1,850,908 shares changed hands during mid-day trading, an increase of 234% from the previous session’s volume of 553,556 shares.The stock last traded at $79.42 and had previously closed at $79.52.

JPMorgan International Research Enhanced Equity ETF Stock Performance

The stock has a 50-day moving average price of $77.96 and a two-hundred day moving average price of $77.29. The stock has a market capitalization of $10.51 billion, a PE ratio of 16.04 and a beta of 0.79.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

Several large investors have recently made changes to their positions in JIRE. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan International Research Enhanced Equity ETF in the first quarter valued at about $1,265,000. Raymond James Financial Inc. grew its holdings in JPMorgan International Research Enhanced Equity ETF by 24.2% during the 2nd quarter. Raymond James Financial Inc. now owns 595,665 shares of the company’s stock valued at $42,155,000 after buying an additional 116,007 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF during the 2nd quarter valued at approximately $17,652,000. IHT Wealth Management LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF during the 2nd quarter valued at approximately $3,506,000. Finally, MML Investors Services LLC grew its holdings in JPMorgan International Research Enhanced Equity ETF by 887.6% during the 2nd quarter. MML Investors Services LLC now owns 1,358,561 shares of the company’s stock valued at $96,145,000 after buying an additional 1,221,003 shares in the last quarter.

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.