JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – Here’s Why

Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high during trading on Thursday . The stock traded as high as $80.45 and last traded at $80.44, with a volume of 16418 shares changing hands. The stock had previously closed at $79.83.

JPMorgan Active Value ETF Price Performance

The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of -88.18 and a beta of 0.78. The business has a fifty day moving average of $77.30 and a 200 day moving average of $75.05.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of JPMorgan Active Value ETF by 1.7% during the 1st quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after purchasing an additional 245 shares during the last quarter. Creative Planning acquired a new position in JPMorgan Active Value ETF in the second quarter valued at about $269,000. Flow Traders U.S. LLC purchased a new position in JPMorgan Active Value ETF during the second quarter worth about $324,000. Cary Street Partners Financial LLC boosted its stake in JPMorgan Active Value ETF by 13.3% during 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 period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of JPMorgan Active Value ETF during the second quarter valued at about $127,000. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company Profile

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.