JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Sets New 12-Month Low – Here’s What Happened

Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $37.68 and last traded at $37.37, with a volume of 111613 shares. The stock had previously closed at $39.23.

JPMorgan US Value Factor ETF Stock Down 5.4 %

The company has a 50 day moving average of $43.19 and a 200 day moving average of $43.75. The stock has a market capitalization of $605.06 million, a price-to-earnings ratio of 17.43 and a beta of 1.06.

JPMorgan US Value Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.1839 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On JPMorgan US Value Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berger Financial Group Inc purchased a new stake in shares of JPMorgan US Value Factor ETF during the 4th quarter valued at about $233,000. Spire Wealth Management raised its stake in shares of JPMorgan US Value Factor ETF by 11.6% during the fourth quarter. Spire Wealth Management now owns 5,765 shares of the company’s stock valued at $249,000 after purchasing an additional 597 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of JPMorgan US Value Factor ETF during the fourth quarter valued at approximately $253,000. Captrust Financial Advisors lifted its position in shares of JPMorgan US Value Factor ETF by 38.6% during the third quarter. Captrust Financial Advisors now owns 6,896 shares of the company’s stock worth $300,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of JPMorgan US Value Factor ETF by 25.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,164 shares of the company’s stock valued at $396,000 after purchasing an additional 1,864 shares during the period.

JPMorgan US 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.