JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sets New 12-Month High – Should You Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $51.47 and last traded at $51.3150, with a volume of 2726 shares trading hands. The stock had previously closed at $50.95.

JPMorgan U.S. Value Factor ETF Stock Performance

The business has a 50 day moving average of $49.30 and a two-hundred day moving average of $47.59. The firm has a market capitalization of $674.46 million, a price-to-earnings ratio of 16.37 and a beta of 1.00.

Institutional Trading of JPMorgan U.S. Value Factor ETF

Several hedge funds have recently bought and sold shares of JVAL. Avidian Wealth Enterprises LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 81.5% during the second quarter. Avidian Wealth Enterprises LLC now owns 961,736 shares of the company’s stock worth $42,538,000 after buying an additional 431,743 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the third quarter valued at about $15,458,000. JPMorgan Chase & Co. increased its position in shares of JPMorgan U.S. Value Factor ETF by 42.9% during the second quarter. JPMorgan Chase & Co. now owns 401,083 shares of the company’s stock worth $17,740,000 after acquiring an additional 120,399 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 45.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock worth $11,188,000 after acquiring an additional 79,067 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in JPMorgan U.S. Value Factor ETF by 902.8% in the 3rd quarter. Susquehanna International Group LLP now owns 80,866 shares of the company’s stock valued at $3,841,000 after acquiring an additional 72,802 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Company Profile

The JPMorgan U.S. Value Factor ETF (JVAL) is an exchange-traded fund that is based on the JP Morgan US Value Factor index. The fund tracks an index of large-cap US equities that are selected and weighted by four relative valuation factors: book yield, earnings yield, dividend yield and cash flow yield. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.