JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) saw strong trading volume on Wednesday . 128,743 shares changed hands during trading, an increase of 85% from the previous session’s volume of 69,561 shares.The stock last traded at $58.8160 and had previously closed at $59.10.
JPMorgan U.S. Value Factor ETF Stock Down 0.6%
The firm’s 50 day simple moving average is $58.98 and its 200 day simple moving average is $55.86. The company has a market capitalization of $1.04 billion, a PE ratio of 16.37 and a beta of 0.96.
Institutional Trading of JPMorgan U.S. Value Factor ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Affinity Wealth LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 4.8% in the second quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock worth $36,773,000 after buying an additional 28,767 shares during the period. Bank of America Corp DE increased its position in shares of JPMorgan U.S. Value Factor ETF by 4.0% during the first quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after acquiring an additional 21,394 shares during the period. Goodman Advisory Group LLC bought a new stake in JPMorgan U.S. Value Factor ETF during the 4th quarter valued at $19,545,000. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan U.S. Value Factor ETF by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,835 shares of the company’s stock valued at $5,145,000 after purchasing an additional 23,903 shares during the period. Finally, Private Advisor Group LLC raised its stake in JPMorgan U.S. Value Factor ETF by 252.7% in the first quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after buying an additional 34,853 shares in the last quarter.
About JPMorgan U.S. Value Factor ETF
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.
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