JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 52-Week High – Time to Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $78.63 and last traded at $78.60, with a volume of 22396 shares changing hands. The stock had previously closed at $78.06.

JPMorgan Active Value ETF Price Performance

The company has a market cap of $6.93 billion, a PE ratio of -86.54 and a beta of 0.78. The business has a 50-day moving average of $75.75 and a 200 day moving average of $74.24.

Hedge Funds Weigh In On JPMorgan Active Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JAVA. NewEdge Advisors LLC boosted its holdings in shares of JPMorgan Active Value ETF by 1.7% in the first quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after buying an additional 245 shares during the last quarter. Creative Planning purchased a new position in shares of JPMorgan Active Value ETF in the second quarter worth approximately $269,000. Flow Traders U.S. LLC purchased a new position in shares of JPMorgan Active Value ETF in the second quarter worth approximately $324,000. Cary Street Partners Financial LLC boosted its holdings in shares of JPMorgan Active Value ETF by 13.3% in the second quarter. Cary Street Partners Financial LLC now owns 1,812 shares of the company’s stock worth $119,000 after buying an additional 212 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of JPMorgan Active Value ETF in the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 43.07% of the company’s stock.

About JPMorgan Active Value ETF

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.