JPMorgan Chase & Co. Sells 11,470 Shares of JPMorgan U.S. Value Factor ETF $JVAL

JPMorgan Chase & Co. lessened its holdings in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,613 shares of the company’s stock after selling 11,470 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.39% of JPMorgan U.S. Value Factor ETF worth $18,507,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Financial Advisors increased its position in JPMorgan U.S. Value Factor ETF by 25.5% in the 3rd quarter. Northwest Financial Advisors now owns 10,029 shares of the company’s stock valued at $476,000 after acquiring an additional 2,039 shares during the period. Anson Capital Inc. bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the third quarter worth $205,000. Auxano Advisors LLC increased its holdings in JPMorgan U.S. Value Factor ETF by 10.0% in the third quarter. Auxano Advisors LLC now owns 5,635 shares of the company’s stock valued at $268,000 after purchasing an additional 514 shares during the period. Envestnet Asset Management Inc. raised its position in JPMorgan U.S. Value Factor ETF by 22.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,845 shares of the company’s stock worth $420,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in JPMorgan U.S. Value Factor ETF by 29.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,661 shares of the company’s stock worth $886,000 after purchasing an additional 4,286 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

NYSEARCA JVAL opened at $51.45 on Tuesday. The business’s 50-day moving average price is $50.88 and its two-hundred day moving average price is $48.85. JPMorgan U.S. Value Factor ETF has a 12 month low of $35.62 and a 12 month high of $52.64. The firm has a market capitalization of $689.43 million, a PE ratio of 16.37 and a beta of 1.00.

JPMorgan U.S. Value Factor ETF Company Profile

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.