Royal Bank of Canada Grows Stock Position in JPMorgan Active Value ETF $JAVA

Royal Bank of Canada boosted its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 83.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,200,108 shares of the company’s stock after purchasing an additional 546,593 shares during the period. Royal Bank of Canada’s holdings in JPMorgan Active Value ETF were worth $86,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Active Value ETF by 27.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after buying an additional 4,437,690 shares during the last quarter. LPL Financial LLC increased its holdings in JPMorgan Active Value ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock worth $449,158,000 after acquiring an additional 531,461 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in JPMorgan Active Value ETF by 27.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after acquiring an additional 1,014,584 shares during the period. Ameriprise Financial Inc. raised its stake in JPMorgan Active Value ETF by 3.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after acquiring an additional 81,880 shares during the period. Finally, Morgan Stanley lifted its holdings in JPMorgan Active Value ETF by 9.9% during the fourth quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock valued at $128,602,000 after purchasing an additional 161,648 shares during the last quarter. 43.07% of the stock is currently owned by institutional investors.

JPMorgan Active Value ETF Stock Up 0.9%

NYSEARCA JAVA opened at $81.56 on Friday. The company has a market cap of $7.01 billion, a PE ratio of -89.63 and a beta of 0.78. JPMorgan Active Value ETF has a 52 week low of $64.40 and a 52 week high of $81.81. The firm’s 50-day simple moving average is $79.25 and its two-hundred day simple moving average is $76.23.

JPMorgan Active Value ETF Company 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.