Fiduciary Family Office Dumps Its Entire $10.2 Million Stake in JIVE

What happened

According to a recent SEC filing, Fiduciary Family Office, LLC, sold its entire holding of 118,000 shares in JPMorgan International Value ETF (NASDAQ:JIVE) during the first quarter of 2026. The estimated transaction value was $10.2 million, calculated using the quarter’s average closing price.

What else to know

• The fund fully exited its JIVE position, reducing its allocation from 2.7% of AUM in the prior quarter to zero.
• Top holdings following the filing:
  • NASDAQ: AAPL: $113.3 million (32.3% of AUM)
  • NASDAQ: NVDA: $13.4 million (3.8% of AUM)
  • NASDAQ: GOOG/L (multiple share classes): $12.8 million (3.6% of AUM)
  • NYSEMKT: JEPI: $9.9 million (2.8% of AUM)
  • NASDAQ: MSFT: $8.0 million (2.3% of AUM)
• As of May 19, 2026, JIVE shares were trading at $90.66, up about 41.5% over the past year -- outperforming the S&P 500 by roughly 16.5 percentage points, and outperforming its Foreign Large Value category benchmark by roughly 8 percentage points.

ETF overview

ETF snapshot

JPMorgan International Value ETF (JIVE) gives investors access to a diversified portfolio of international equities, with an emphasis on value opportunities across both developed and emerging markets.

• Invests in equity securities of foreign companies, seeking income and broad global diversification outside the United States.
• Structured as an ETF for transparency and liquidity, with an expense ratio of 0.55%.
• Offers a 2.02% dividend yield alongside strong one-year price performance.

What this transaction means for investors

This complete exit of a meaningful position is worth a closer look -- but not necessarily because it signals something worrying about JIVE.

JIVE has been one of the stronger-performing international ETFs over the past year, up more than 41% and handily beating both the S&P 500 and its own category benchmark. For a wealth manager like Fiduciary Family Office, selling into that kind of strength looks a lot like straightforward profit-taking.

It's also worth noting the portfolio context. After this sale, the fund's holdings are heavily tilted toward U.S. mega-cap tech -- with Apple (NASDAQ:AAPL) alone representing nearly a third of assets under management. Shedding an international value fund like JIVE could reflect a deliberate choice to reduce geographic and style diversification, or it may simply be a rebalancing decision after the position grew larger than desired.

For long-term investors, a single institutional exit from JIVE -- especially after a strong run -- doesn't change the ETF's underlying investment case. JIVE remains a straightforward way to gain diversified exposure to international value stocks, with a competitive yield and low cost. Investors who believe international equities are due for a continued run relative to U.S. stocks may see any share price pullback around moves like this as an opportunity rather than a warning sign.

Andy Gould has positions in Alphabet, Apple, and Nvidia and has the following options: long January 2027 $125 calls on Nvidia and short January 2027 $125 puts on Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.