JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 1-Year High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $75.04 and last traded at $74.83, with a volume of 313267 shares. The stock had previously closed at $73.52.

JPMorgan Active Value ETF Trading Up 1.8%

The firm has a market cap of $5.51 billion, a P/E ratio of -82.21 and a beta of 0.81. The firm has a 50-day simple moving average of $71.87 and a 200-day simple moving average of $69.24.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of JPMorgan Active Value ETF by 1.7% during the first quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock valued at $933,000 after buying an additional 245 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Active Value ETF by 5.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,535 shares of the company’s stock worth $2,039,000 after acquiring an additional 1,467 shares in the last quarter. CRA Financial Services LLC lifted its position in JPMorgan Active Value ETF by 21.7% during the second quarter. CRA Financial Services LLC now owns 4,061 shares of the company’s stock valued at $266,000 after acquiring an additional 725 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in JPMorgan Active Value ETF by 10.2% in the second quarter. AdvisorNet Financial Inc now owns 6,713 shares of the company’s stock valued at $440,000 after acquiring an additional 623 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. purchased a new position in JPMorgan Active Value ETF in the second quarter worth $336,000. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.