JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw an uptick in trading volume on Wednesday . 304,092 shares traded hands during mid-day trading, an increase of 328% from the previous session’s volume of 71,091 shares.The stock last traded at $58.51 and had previously closed at $58.64.

JPMorgan U.S. Value Factor ETF Stock Performance

The stock has a market cap of $809.48 million, a P/E ratio of 16.37 and a beta of 0.95. The company has a 50-day moving average price of $56.36 and a two-hundred day moving average price of $52.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in shares of JPMorgan U.S. Value Factor ETF in the first quarter valued at $45,000. Bank of America Corp DE boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after purchasing an additional 21,394 shares during the period. Royal Bank of Canada boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 71.8% during the 1st quarter. Royal Bank of Canada now owns 31,692 shares of the company’s stock worth $1,549,000 after purchasing an additional 13,243 shares during the period. Gateway Wealth Partners LLC grew its holdings in JPMorgan U.S. Value Factor ETF by 113.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 44,672 shares of the company’s stock valued at $2,183,000 after purchasing an additional 23,738 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in JPMorgan U.S. Value Factor ETF by 22.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,180 shares of the company’s stock valued at $155,000 after purchasing an additional 581 shares during 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.