JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 1-Year High – Here’s What Happened

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVALGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $59.29 and last traded at $59.29, with a volume of 8507 shares. The stock had previously closed at $58.41.

JPMorgan U.S. Value Factor ETF Price Performance

The business has a 50-day moving average price of $57.78 and a two-hundred day moving average price of $53.78. The firm has a market cap of $863.82 million, a PE ratio of 16.37 and a beta of 0.95.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

A number of institutional investors have recently made changes to their positions in JVAL. Captrust Financial Advisors boosted its stake in JPMorgan U.S. Value Factor ETF by 23,712.7% during the 4th quarter. Captrust Financial Advisors now owns 1,184,445 shares of the company’s stock valued at $58,133,000 after acquiring an additional 1,179,471 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the fourth quarter worth about $19,545,000. Mariner LLC boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 890.6% in the fourth quarter. Mariner LLC now owns 150,781 shares of the company’s stock valued at $7,400,000 after acquiring an additional 135,560 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in JPMorgan U.S. Value Factor ETF by 34.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock valued at $21,582,000 after purchasing an additional 110,666 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in JPMorgan U.S. Value Factor ETF by 45.5% in the second quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock worth $11,188,000 after acquiring an additional 79,067 shares in the last quarter.

About JPMorgan U.S. Value Factor ETF

(Get Free Report)

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.

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