JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 1-Year High – Time to Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $77.06 and last traded at $76.6970, with a volume of 160100 shares trading hands. The stock had previously closed at $76.84.

JPMorgan Active Value ETF Price Performance

The business’s fifty day simple moving average is $73.47 and its 200 day simple moving average is $70.14. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -84.19 and a beta of 0.81.

Institutional Investors Weigh In On JPMorgan Active Value ETF

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of JPMorgan Active Value ETF by 1.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after purchasing an additional 245 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of JPMorgan Active Value ETF in the second quarter valued at $48,000. IFP Advisors Inc lifted its stake in shares of JPMorgan Active Value ETF by 74.8% in the second quarter. IFP Advisors Inc now owns 18,664 shares of the company’s stock valued at $1,223,000 after buying an additional 7,989 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of JPMorgan Active Value ETF during the second quarter worth about $203,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of JPMorgan Active Value ETF by 534.2% during the second quarter. Concurrent Investment Advisors LLC now owns 35,495 shares of the company’s stock worth $2,325,000 after acquiring an additional 29,898 shares in the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

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.