JPMorgan Chase & Co. Lowers Position in JPMorgan U.S. Value Factor ETF $JVAL

JPMorgan Chase & Co. lessened its stake in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 389,613 shares of the company’s stock after selling 11,470 shares during the period. JPMorgan Chase & Co.’s holdings in JPMorgan U.S. Value Factor ETF were worth $18,507,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management bought a new position in shares of JPMorgan U.S. Value Factor ETF in the third quarter worth about $134,000. IFP Advisors Inc grew its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% during the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after acquiring an additional 214 shares during the period. CIBC Private Wealth Group LLC increased its holdings in JPMorgan U.S. Value Factor ETF by 7.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 21,139 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,488 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in JPMorgan U.S. Value Factor ETF in the 3rd quarter worth approximately $1,004,000. Finally, Susquehanna International Group LLP raised its stake in JPMorgan U.S. Value Factor ETF by 902.8% during the 3rd quarter. Susquehanna International Group LLP now owns 80,866 shares of the company’s stock worth $3,841,000 after acquiring an additional 72,802 shares during the period.

JPMorgan U.S. Value Factor ETF Price Performance

Shares of NYSEARCA:JVAL opened at $49.22 on Thursday. JPMorgan U.S. Value Factor ETF has a 1-year low of $35.62 and a 1-year high of $52.64. The company has a market capitalization of $659.55 million, a P/E ratio of 16.37 and a beta of 1.00. The firm’s 50 day simple moving average is $50.74 and its two-hundred day simple moving average is $49.23.

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.