JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 1-Year High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high during trading on Wednesday. The company traded as high as $85.10 and last traded at $84.8990, with a volume of 35,144 shares changing hands. The stock had previously closed at $83.31.

JPMorgan Active Value ETF Price Performance

The company has a market capitalization of $7.62 billion, a P/E ratio of -93.67 and a beta of 0.77. The business has a 50-day moving average of $81.90 and a 200-day moving average of $78.23.

Institutional Investors Weigh In On JPMorgan Active Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 2.2% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 5,697 shares of the company’s stock worth $454,000 after buying an additional 125 shares during the period. Avaii Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF by 2.5% during the third quarter. Avaii Wealth Management LLC now owns 5,919 shares of the company’s stock valued at $475,000 after buying an additional 145 shares during the last quarter. Luts & Greenleigh Group Inc. boosted its holdings in shares of JPMorgan Active Value ETF by 6.9% in the 1st quarter. Luts & Greenleigh Group Inc. now owns 3,871 shares of the company’s stock valued at $278,000 after buying an additional 249 shares in the last quarter. Triumph Capital Management grew its position in JPMorgan Active Value ETF by 11.2% during the 3rd quarter. Triumph Capital Management now owns 2,806 shares of the company’s stock worth $224,000 after purchasing an additional 282 shares during the period. Finally, Verity Asset Management Inc. raised its stake in shares of JPMorgan Active Value ETF by 2.8% during the 3rd quarter. Verity Asset Management Inc. now owns 11,047 shares of the company’s stock valued at $881,000 after buying an additional 304 shares during the last quarter. 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.