LPL Financial LLC Increases Stake in JPMorgan International Growth ETF

LPL Financial LLC has enhanced its position in the JPMorgan International Growth ETF (NYSEARCA:JIG) by 12.6% during the fourth quarter, according to recent reports. Following this increase, LPL Financial LLC now holds 477,094 shares of the ETF, having acquired an additional 53,259 shares during that period. By the end of the most recent quarter, the firm owned approximately 0.33% of the ETF, valued at around $29,793,000.

In addition to LPL Financial, several other institutional investors and hedge funds have also made changes to their holdings in the JPMorgan International Growth ETF. For instance, IFP Advisors Inc boosted its stake by 58.7% in the fourth quarter, now owning 2,288 shares valued at $143,000 after acquiring 846 additional shares. Furthermore, Flow Traders U.S. LLC initiated a new position in the ETF during the third quarter, with an investment of about $254,000. MML Investors Services LLC also increased its position by 16.7% in the same quarter, holding 4,825 shares worth $325,000 after acquiring an extra 689 shares. Moreover, SOL Capital Management CO raised its stake by 5.3% in the fourth quarter, owning 11,295 shares valued at $705,000 after purchasing 570 additional shares. Lastly, Raymond James Financial Inc. purchased a new stake in JIG valued at approximately $3,513,000 during that time.

JPMorgan International Growth ETF Stock Overview

The JPMorgan International Growth ETF opened at $63.79 recently and has seen a fifty-two week low of $58.99 and a high of $69.61. With a market capitalization of $103.98 million, the company has a PE ratio of 25.69 and a beta value of 0.96. The ETF also exhibits a 50-day moving average price of $65.10 and a 200-day moving average price of $65.15.

About JPMorgan International Growth ETF

The JPMorgan International Growth ETF (JIG) is designed to track the MSCI EAFE Growth index. This actively-managed fund concentrates on global stocks outside the United States that are selected for their growth and quality characteristics. Launched on May 20, 2020, the fund is managed by JPMorgan Chase.

Additional Insights

• Explore stocks with higher potential than JPMorgan International Growth ETF.
• Check out three stocks leading the recent meme stock revival.
• Review the MarketBeat Week in Review – covering the latest from March 24 to March 28.
• Understand what makes a Dividend King.
• Assess whether now is the right time to invest in UPS stock, particularly after reaching a five-year low.
• Discover three natural gas stocks that show promising growth this month.
• Uncover four healthcare stocks with significant gains and further growth potential.

Interested in tracking what other hedge funds are doing with JIG? Visit reputable financial sites to explore the latest 13F filings and insider trades for the JPMorgan International Growth ETF.

ETF, Investing, Finance