Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $59.12 and last traded at $59.12, with a volume of 863 shares changing hands. The stock had previously closed at $57.62.
JPMorgan U.S. Value Factor ETF Stock Up 1.5%
The company’s 50-day moving average price is $54.45 and its 200-day moving average price is $51.67. The firm has a market cap of $802.81 million, a price-to-earnings ratio of 16.37 and a beta of 0.96.
Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF
Several hedge funds and other institutional investors have recently modified their holdings of JVAL. Royal Bank of Canada raised its stake in JPMorgan U.S. Value Factor ETF by 87.5% during the first quarter. Royal Bank of Canada now owns 9,777 shares of the company’s stock worth $405,000 after purchasing an additional 4,562 shares during the period. NewEdge Advisors LLC raised its stake in JPMorgan U.S. Value Factor ETF by 17.9% during the first quarter. NewEdge Advisors LLC now owns 16,039 shares of the company’s stock worth $664,000 after purchasing an additional 2,430 shares during the period. Jane Street Group LLC raised its stake in JPMorgan U.S. Value Factor ETF by 66.3% during the first quarter. Jane Street Group LLC now owns 28,130 shares of the company’s stock worth $1,165,000 after purchasing an additional 11,216 shares during the period. Bank of America Corp DE raised its stake in JPMorgan U.S. Value Factor ETF by 9.1% during the second quarter. Bank of America Corp DE now owns 496,878 shares of the company’s stock worth $21,977,000 after purchasing an additional 41,401 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake 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 valued at $11,188,000 after acquiring an additional 79,067 shares during the period.
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.
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