PNC Financial Services Group Inc. Sells 61,935 Shares of JPMorgan Active Value ETF $JAVA

PNC Financial Services Group Inc. lowered its stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 973,671 shares of the company’s stock after selling 61,935 shares during the period. PNC Financial Services Group Inc. owned 1.11% of JPMorgan Active Value ETF worth $69,861,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JAVA. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Active Value ETF by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after purchasing an additional 4,437,690 shares during the period. LPL Financial LLC increased its holdings in JPMorgan Active Value ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock valued at $449,158,000 after purchasing an additional 531,461 shares during the last quarter. Dynasty Wealth Management LLC increased its holdings in JPMorgan Active Value ETF by 27.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after purchasing an additional 1,014,584 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in JPMorgan Active Value ETF by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after buying an additional 81,880 shares during the period. Finally, Morgan Stanley lifted its stake in JPMorgan Active Value ETF by 9.9% in the fourth quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock valued at $128,602,000 after buying an additional 161,648 shares during the period. Institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Trading Down 0.7%

JPMorgan Active Value ETF stock opened at $79.47 on Friday. The firm has a market capitalization of $6.71 billion, a P/E ratio of -87.33 and a beta of 0.78. JPMorgan Active Value ETF has a 1 year low of $64.40 and a 1 year high of $81.01. The business has a 50-day moving average of $78.68 and a 200-day moving average of $75.96.

JPMorgan Active Value ETF 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.