JPMorgan Active Value ETF (NYSEARCA:JAVA – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $83.76 and last traded at $83.75, with a volume of 97804 shares traded. The stock had previously closed at $83.47.
JPMorgan Active Value ETF Trading Up 0.2%
The stock’s 50 day moving average price is $79.83 and its two-hundred day moving average price is $76.54. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -91.87 and a beta of 0.77.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF by 3.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 82,266 shares of the company’s stock valued at $6,533,000 after acquiring an additional 2,631 shares during the period. Oak Barrel Wealth Advisory LLC acquired a new stake in shares of JPMorgan Active Value ETF in the 2nd quarter worth approximately $801,000. Global Retirement Partners LLC purchased a new position in JPMorgan Active Value ETF in the 2nd quarter valued at approximately $2,725,000. Capital Analysts LLC increased its stake in JPMorgan Active Value ETF by 6.1% in the 2nd quarter. Capital Analysts LLC now owns 131,393 shares of the company’s stock valued at $10,434,000 after purchasing an additional 7,544 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in JPMorgan Active Value ETF during the second quarter worth $115,836,000. 43.07% of the stock is currently owned by institutional investors and hedge funds.
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.
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