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

JPMorgan Active Value ETF (NYSEARCA:JAVA) hit a new 52-week high on Wednesday . The stock traded as high as $81.00 and last traded at $80.47, with a volume of 277669 shares. The stock had previously closed at $80.55.

JPMorgan Active Value ETF Stock Performance

The business has a 50-day simple moving average of $77.70 and a 200-day simple moving average of $75.29. The company has a market cap of $6.78 billion, a price-to-earnings ratio of -88.43 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bill Few Associates Inc. increased its position in shares of JPMorgan Active Value ETF by 7.8% in the 2nd quarter. Bill Few Associates Inc. now owns 13,108 shares of the company’s stock valued at $1,041,000 after purchasing an additional 947 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF by 26.6% during the 1st quarter. Western Wealth Management LLC now owns 61,050 shares of the company’s stock worth $4,380,000 after purchasing an additional 12,845 shares during the last quarter. Curry Webb Wealth Management LLC acquired a new position in shares of JPMorgan Active Value ETF during the first quarter worth $1,521,000. NewEdge Advisors LLC grew its stake in shares of JPMorgan Active Value ETF by 2.7% during the first quarter. NewEdge Advisors LLC now owns 154,407 shares of the company’s stock worth $11,079,000 after purchasing an additional 4,124 shares in the last quarter. Finally, WNY Asset Management LLC purchased a new position in JPMorgan Active Value ETF in the first quarter valued at $32,592,000. Hedge funds and other institutional investors own 43.07% of the company’s stock.

About JPMorgan Active Value ETF

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.