Centerline Wealth Advisors LLC Has $24.24 Million Stock Holdings in JPMorgan Active Value ETF $JAVA

Centerline Wealth Advisors LLC raised its stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 305,286 shares of the company’s stock after buying an additional 15,684 shares during the period. JPMorgan Active Value ETF comprises approximately 7.6% of Centerline Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. Centerline Wealth Advisors LLC owned approximately 0.36% of JPMorgan Active Value ETF worth $24,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Citadel Advisors LLC lifted its stake in shares of JPMorgan Active Value ETF by 231.1% in the 2nd quarter. Citadel Advisors LLC now owns 12,726 shares of the company’s stock worth $1,011,000 after purchasing an additional 8,882 shares during the period. HighTower Advisors LLC increased its holdings in JPMorgan Active Value ETF by 1.3% during the second quarter. HighTower Advisors LLC now owns 72,051 shares of the company’s stock valued at $5,722,000 after buying an additional 917 shares during the last quarter. Unique Wealth LLC increased its holdings in JPMorgan Active Value ETF by 17.9% during the second quarter. Unique Wealth LLC now owns 470,589 shares of the company’s stock valued at $37,370,000 after buying an additional 71,532 shares during the last quarter. Compass Financial Management LLC bought a new position in JPMorgan Active Value ETF in the second quarter worth approximately $103,000. Finally, Hopwood Nicholas Hunter bought a new position in JPMorgan Active Value ETF in the second quarter worth approximately $2,479,000. 43.07% of the stock is owned by institutional investors.

JPMorgan Active Value ETF Price Performance

Shares of JAVA stock opened at $82.23 on Wednesday. JPMorgan Active Value ETF has a 1 year low of $67.14 and a 1 year high of $84.06. The firm has a fifty day moving average price of $81.82 and a 200-day moving average price of $77.70. The company has a market cap of $7.04 billion, a price-to-earnings ratio of -90.36 and a beta of 0.77.

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.