JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 52-Week High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $75.63 and last traded at $74.6560, with a volume of 59060 shares trading hands. The stock had previously closed at $74.94.

JPMorgan Active Value ETF Stock Performance

The company’s fifty day moving average price is $72.54 and its two-hundred day moving average price is $69.58. The firm has a market capitalization of $5.54 billion, a PE ratio of -82.37 and a beta of 0.81.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Hedge funds have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its holdings in shares of JPMorgan Active Value ETF by 111.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 144,833 shares of the company’s stock worth $10,387,000 after buying an additional 76,470 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in JPMorgan Active Value ETF by 1,779.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 102,137 shares of the company’s stock valued at $7,325,000 after acquiring an additional 96,702 shares during the last quarter. Fairway Wealth LLC purchased a new stake in JPMorgan Active Value ETF during the fourth quarter valued at about $37,000. Confluence Wealth Services Inc. acquired a new stake in JPMorgan Active Value ETF during the fourth quarter worth about $14,344,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of JPMorgan Active Value ETF in the 4th quarter worth about $73,000. Institutional investors and hedge funds 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.