JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Here’s What Happened

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw an uptick in trading volume on Thursday . 273,867 shares changed hands during trading, an increase of 198% from the previous session’s volume of 91,971 shares.The stock last traded at $48.82 and had previously closed at $49.22.

JPMorgan U.S. Value Factor ETF Trading Down 1.2%

The company’s 50-day moving average is $50.74 and its 200-day moving average is $49.23. The firm has a market cap of $651.37 million, a price-to-earnings ratio of 16.37 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Realta Investment Advisors bought a new stake in shares of JPMorgan U.S. Value Factor ETF during the 4th quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the second quarter worth about $35,000. IFP Advisors Inc lifted its holdings in shares of JPMorgan U.S. Value Factor ETF by 35.0% in the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after acquiring an additional 214 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of JPMorgan U.S. Value Factor ETF in the fourth quarter worth about $44,000. Finally, Assetmark Inc. lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% in the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock valued at $47,000 after acquiring an additional 927 shares during the last quarter.

JPMorgan U.S. 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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.