Avaii Wealth Management LLC Sells 155,350 Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA)

Avaii Wealth Management LLC decreased its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 92.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,476 shares of the company’s stock after selling 155,350 shares during the quarter. Avaii Wealth Management LLC’s holdings in JPMorgan Active Value ETF were worth $793,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC bought a new position in JPMorgan Active Value ETF during the fourth quarter valued at about $39,000. Assetmark Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 2,402.6% in the fourth quarter. Assetmark Inc. now owns 976 shares of the company’s stock worth $62,000 after buying an additional 937 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of JPMorgan Active Value ETF in the first quarter worth about $81,000. Cary Street Partners Financial LLC purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter worth about $101,000. Finally, WR Wealth Planners LLC purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter worth about $115,000.

JPMorgan Active Value ETF Trading Down 0.9%

Shares of JPMorgan Active Value ETF stock opened at $63.86 on Friday. JPMorgan Active Value ETF has a 12-month low of $55.51 and a 12-month high of $68.77. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83. The company’s 50-day moving average price is $62.07 and its 200-day moving average price is $63.89.

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.