JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 52-Week High – Should You Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $81.20 and last traded at $81.10, with a volume of 12136 shares. The stock had previously closed at $80.51.

JPMorgan Active Value ETF Price Performance

The stock has a market cap of $6.90 billion, a price-to-earnings ratio of -88.32 and a beta of 0.78. The stock’s 50-day moving average is $79.06 and its 200 day moving average is $76.15.

Hedge Funds Weigh In On JPMorgan Active Value ETF

A number of large investors have recently modified their holdings of JAVA. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC acquired a new stake in JPMorgan Active Value ETF in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan Active Value ETF during the 3rd quarter worth $33,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Active Value ETF during the 4th quarter worth $37,000. Finally, Greenline Wealth Management LLC acquired a new position in shares of JPMorgan Active Value ETF during the 4th quarter worth $45,000. 43.07% of the stock is owned by hedge funds and other institutional investors.

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.