Northwestern Mutual Wealth Management Co. Acquires 23,903 Shares of JPMorgan U.S. Value Factor ETF $JVAL

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,835 shares of the company’s stock after purchasing an additional 23,903 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.78% of JPMorgan U.S. Value Factor ETF worth $5,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 8.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 28,989 shares of the company’s stock worth $1,422,000 after purchasing an additional 2,315 shares during the last quarter. Cary Street Partners Financial LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 1.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 24,762 shares of the company’s stock worth $1,215,000 after purchasing an additional 247 shares during the last quarter. Auxano Advisors LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 33.1% during the fourth quarter. Auxano Advisors LLC now owns 7,500 shares of the company’s stock worth $368,000 after purchasing an additional 1,865 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in JPMorgan U.S. Value Factor ETF by 34.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock worth $21,582,000 after purchasing an additional 110,666 shares during the last quarter. Finally, Gallacher Capital Management LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 4.2% during the fourth quarter. Gallacher Capital Management LLC now owns 39,454 shares of the company’s stock worth $1,936,000 after purchasing an additional 1,596 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JVAL opened at $58.42 on Thursday. JPMorgan U.S. Value Factor ETF has a 52 week low of $42.44 and a 52 week high of $58.59. The stock has a market capitalization of $794.51 million, a price-to-earnings ratio of 16.37 and a beta of 0.95. The stock has a fifty day moving average of $53.23 and a 200-day moving average of $51.16.

About JPMorgan U.S. Value Factor ETF

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.