JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) Sees Unusually-High Trading Volume – Should You Buy?

Shares of JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw unusually-strong trading volume on Monday . 569,559 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 493,158 shares.The stock last traded at $84.96 and had previously closed at $85.32.

JPMorgan International Research Enhanced Equity ETF Stock Up 0.7%

The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 16.04 and a beta of 0.77. The stock’s 50 day moving average is $83.26 and its 200 day moving average is $80.69.

Hedge Funds Weigh In On JPMorgan International Research Enhanced Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kintra Wealth LLC bought a new stake in shares of JPMorgan International Research Enhanced Equity ETF in the 2nd quarter worth $10,016,000. Unique Wealth LLC lifted its holdings in shares of JPMorgan International Research Enhanced Equity ETF by 32.0% in the second quarter. Unique Wealth LLC now owns 188,631 shares of the company’s stock valued at $15,560,000 after buying an additional 45,749 shares during the period. Hopwood Nicholas Hunter bought a new position in JPMorgan International Research Enhanced Equity ETF during the second quarter valued at about $5,049,000. Elevation Wealth Management LLC boosted its stake in JPMorgan International Research Enhanced Equity ETF by 3.4% during the second quarter. Elevation Wealth Management LLC now owns 25,072 shares of the company’s stock valued at $2,068,000 after buying an additional 818 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in JPMorgan International Research Enhanced Equity ETF during the second quarter worth about $54,000.

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.