JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA) saw an uptick in trading volume on Thursday . 333,725 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 430,865 shares.The stock last traded at $77.36 and had previously closed at $77.48.

JPMorgan Active Value ETF Price Performance

The company has a market cap of $6.83 billion, a PE ratio of -85.33 and a beta of 0.79. The business’s fifty day simple moving average is $74.39 and its two-hundred day simple moving average is $73.61.

Hedge Funds Weigh In On JPMorgan Active Value ETF

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Active Value ETF by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after acquiring an additional 4,437,690 shares during the period. OpenArc Corporate Advisory LLC acquired a new position in JPMorgan Active Value ETF during the 4th quarter worth approximately $116,506,000. Dynasty Wealth Management LLC grew its holdings in JPMorgan Active Value ETF by 27.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after acquiring an additional 1,014,584 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of JPMorgan Active Value ETF by 117.0% in the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock valued at $127,119,000 after buying an additional 955,074 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of JPMorgan Active Value ETF by 83.6% in the 1st quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock valued at $86,107,000 after buying an additional 546,593 shares in the last quarter. 43.07% of the stock is owned by hedge funds and other institutional investors.

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.