1,458,706 Shares in JPMorgan Active Value ETF $JAVA Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,458,706 shares of the company’s stock, valued at approximately $115,836,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in JPMorgan Active Value ETF in the fourth quarter worth about $32,000. Quadrant Capital Group LLC bought a new position in shares of JPMorgan Active Value ETF during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan Active Value ETF in the third quarter worth approximately $33,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter worth approximately $37,000. Finally, Greenline Wealth Management LLC purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter worth approximately $45,000. 43.07% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Active Value ETF Stock Performance

Shares of JAVA stock opened at $83.84 on Friday. The stock has a 50 day moving average price of $80.44 and a 200 day moving average price of $76.85. JPMorgan Active Value ETF has a 52-week low of $66.44 and a 52-week high of $84.06. The firm has a market capitalization of $7.18 billion, a P/E ratio of -92.13 and a beta of 0.77.

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.