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

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw unusually-high trading volume on Wednesday . Approximately 771,663 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 334,610 shares.The stock last traded at $65.00 and had previously closed at $65.38.

JPMorgan International Research Enhanced Equity ETF Trading Down 0.6 %

The company has a fifty day moving average price of $63.34 and a two-hundred day moving average price of $62.71. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 17.02 and a beta of 0.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JIRE. Mascagni Wealth Management Inc. purchased a new position in JPMorgan International Research Enhanced Equity ETF in the fourth quarter worth approximately $30,000. Wells Fargo & Company MN lifted its stake in shares of JPMorgan International Research Enhanced Equity ETF by 1,197.6% in the 4th quarter. Wells Fargo & Company MN now owns 545 shares of the company’s stock valued at $32,000 after purchasing an additional 503 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan International Research Enhanced Equity ETF during the 4th quarter worth $48,000. Whipplewood Advisors LLC acquired a new stake in shares of JPMorgan International Research Enhanced Equity ETF during the 4th quarter worth about $189,000. Finally, Tiemann Investment Advisors LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF in the 4th quarter valued at about $217,000.

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.