JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Large Volume Increase – What’s Next?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw unusually-strong trading volume on Wednesday . 323,821 shares changed hands during mid-day trading, an increase of 365% from the previous session’s volume of 69,678 shares.The stock last traded at $59.25 and had previously closed at $58.94.

JPMorgan U.S. Value Factor ETF Stock Performance

The firm has a market capitalization of $857.75 million, a PE ratio of 16.37 and a beta of 0.96. The company’s 50-day moving average price is $58.62 and its 200-day moving average price is $55.05.

Institutional Trading of JPMorgan U.S. Value Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JVAL. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the 1st quarter worth about $37,000. IFP Advisors Inc raised its position 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 worth $39,000 after acquiring an additional 214 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in JPMorgan U.S. Value Factor ETF during the fourth quarter worth approximately $44,000. Western Wealth Management LLC purchased a new stake in JPMorgan U.S. Value Factor ETF during the first quarter worth approximately $45,000. Finally, Triumph Capital Management acquired a new position in JPMorgan U.S. Value Factor ETF in the third quarter valued at approximately $134,000.

JPMorgan U.S. Value Factor ETF Company 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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.