Drive Wealth Management LLC Acquires 5,021 Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Drive Wealth Management LLC grew its holdings in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,538 shares of the company’s stock after purchasing an additional 5,021 shares during the quarter. Drive Wealth Management LLC’s holdings in JPMorgan US Value Factor ETF were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JVAL. Massmutual Trust Co. FSB ADV acquired a new position in JPMorgan US Value Factor ETF in the first quarter valued at approximately $41,000. ICA Group Wealth Management LLC acquired a new position in shares of JPMorgan US Value Factor ETF during the 4th quarter valued at $44,000. Park Place Capital Corp bought a new position in JPMorgan US Value Factor ETF during the second quarter worth $48,000. Perigon Wealth Management LLC acquired a new stake in JPMorgan US Value Factor ETF in the first quarter worth $209,000. Finally, Truist Financial Corp acquired a new stake in JPMorgan US Value Factor ETF in the fourth quarter worth $221,000.

JPMorgan US Value Factor ETF Price Performance

Shares of JVAL stock traded up $0.36 on Friday, reaching $43.13. 76,411 shares of the company were exchanged, compared to its average volume of 121,839. The company has a 50-day moving average of $41.57 and a 200-day moving average of $40.85. The company has a market cap of $856.13 million, a price-to-earnings ratio of 15.29 and a beta of 0.99. JPMorgan US Value Factor ETF has a one year low of $32.76 and a one year high of $43.20.

JPMorgan US Value Factor ETF 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.