JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Hits New 52-Week High – Time to Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $55.60 and last traded at $55.42, with a volume of 16668 shares traded. The stock had previously closed at $55.46.

JPMorgan U.S. Value Factor ETF Stock Performance

The stock has a 50 day moving average price of $51.10 and a 200 day moving average price of $50.19. The company has a market cap of $753.71 million, a P/E ratio of 16.37 and a beta of 0.95.

Institutional Trading of JPMorgan U.S. Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JVAL. Realta Investment Advisors bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter worth $29,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 1st quarter worth $37,000. IFP Advisors Inc raised its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after buying an additional 214 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter worth $44,000. Finally, Assetmark Inc. raised its stake in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% in the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after buying an additional 927 shares in the last quarter.

About JPMorgan U.S. Value Factor ETF

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.