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

JPMorgan International Research Enhanced Equity ETF (NYSEARCA:JIRE) saw unusually-strong trading volume on Tuesday . Approximately 1,850,908 shares traded 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 Down 0.4%

The company’s fifty day moving average price is $77.96 and its 200-day moving average price is $77.29. The stock has a market capitalization of $10.51 billion, a PE ratio of 16.04 and a beta of 0.79.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in JPMorgan International Research Enhanced Equity ETF in the 1st quarter worth about $1,265,000. Raymond James Financial Inc. boosted its holdings in JPMorgan International Research Enhanced Equity ETF by 24.2% in the second quarter. Raymond James Financial Inc. now owns 595,665 shares of the company’s stock worth $42,155,000 after purchasing an additional 116,007 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF during the second quarter valued at $17,652,000. IHT Wealth Management LLC purchased a new stake in JPMorgan International Research Enhanced Equity ETF during the second quarter valued at $3,506,000. Finally, MML Investors Services LLC increased its position in JPMorgan International Research Enhanced Equity ETF by 887.6% during the second quarter. MML Investors Services LLC now owns 1,358,561 shares of the company’s stock valued at $96,145,000 after acquiring an additional 1,221,003 shares during the last quarter.

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.