This International Value ETF Is Up 50% in a Year, but One Fund Slashed Its Stake by $36 Million
Key Points
On February 17, 2026, Obsidian CIO disclosed in an SEC filing that it sold 466,417 shares of the JPMorgan International Value ETF (NASDAQ:JIVE) in the fourth quarter, an estimated $36.26 million trade based on quarterly average pricing.
What happened
According to a SEC filing dated February 17, 2026, Obsidian CIO sold 466,417 shares of the JPMorgan International Value ETF (NASDAQ:JIVE) in the fourth quarter. The estimated value of the trade was $36.26 million, calculated using the quarter’s average closing price. The fund ended the quarter with 33,239 shares, worth $2.67 million; its JIVE position’s value dropped by $35.01 million over the period.
What else to know
- Obsidian CIO’s JIVE stake now represents 3.95% of reportable 13F AUM after the sale
- Top holdings post-filing:
- NYSEMKT:IWB: $4.61 million (6.8% of AUM)
- NYSEMKT:VV: $4.51 million (6.7% of AUM)
- NYSEMKT:IVV: $3.56 million (5.3% of AUM)
- NYSEMKT:JPST: $3.07 million (4.6% of AUM)
- NYSEMKT:IJR: $2.96 million (4.4% of AUM)
- As of February 18, 2026, JIVE shares were priced at $90.32, up 53.6% over the past year and well outperforming the S&P 500’s roughly 16% gain in the same period.
ETF overview
| Metric | Value |
|---|---|
| Net assets | $1.4 billion |
| Yield | 2% |
| Price (as of market close 2026-02-18) | $90.32 |
ETF snapshot
- JIVE’s investment strategy focuses on equity securities and equity-related instruments of foreign companies, including both developed and emerging markets.
- The portfolio composition includes issuers from diversified geographies such as Australia, Canada, Japan, Western Europe, and select emerging markets.
- The fund structure is an exchange-traded fund (ETF) with a dividend yield of 2% for income-oriented investors.
The JPMorgan International Value ETF provides investors with diversified exposure to international equities, targeting both developed and emerging markets through a value-oriented investment approach. The fund invests in equity securities of foreign companies across both developed and emerging markets. Its broad geographic reach offers investors access to a wide array of international opportunities.
What this transaction means for investors
A nearly $36 million reduction in an international value ETF that has climbed more than 50% over the past year looks more like active risk management as opposed to a wholesale rejection of the strategy.
The JPMorgan International Value ETF, which launched in September 2023, has delivered a 55% one year return at NAV and roughly 50% for calendar 2025, outpacing its MSCI ACWI ex USA Value benchmark. As of late February, it traded around $91.92 with 355 holdings. Financials make up about 35% of the portfolio, with meaningful exposure to Europe and Asia.
Against a backdrop of broad U.S. large-cap exposure in holdings like IWB, IVV, and VV, this sale looks like a tilt back toward domestic core equity rather than an outright bearish call on international markets. The ETF, after all, still represents roughly 4% of assets, so the position remains meaningful.
Ultimately, for long-term investors, the takeaway is discipline. When a diversified international allocation runs up more than 50% in a year, trimming can be about rebalancing and concentration control, not market timing.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends iShares Core S&P Small-Cap ETF. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
