JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) saw unusually-high trading volume on Wednesday. 128,743 shares traded hands during trading, an increase of 85% from the previous session’s volume of 69,561 shares. The stock last traded at $58.8160 and had previously closed at $59.10.
JPMorgan U.S. Value Factor ETF Stock Performance
The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 16.37 and a beta of 0.96. The company has a 50-day moving average of $59.01 and a 200-day moving average of $55.98.
Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF
A number of institutional investors have recently made changes to their positions in JVAL. Ameritas Advisory Services LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the 2nd quarter valued at about $645,000. Private Advisor Group LLC boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 252.7% during the 1st quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after purchasing an additional 34,853 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,835 shares of the company’s stock worth $5,145,000 after buying an additional 23,903 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of JPMorgan U.S. Value Factor ETF during the second quarter worth about $831,000. Finally, Bank of America Corp DE raised its position in shares of JPMorgan U.S. Value Factor ETF by 4.0% in the first quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock valued at $27,320,000 after buying an additional 21,394 shares during the last quarter.
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.
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