JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) shares saw unusually-high trading volume on Thursday . Approximately 281,406 shares were traded during mid-day trading, an increase of 274% from the previous session’s volume of 75,154 shares.The stock last traded at $55.13 and had previously closed at $55.04.

JPMorgan U.S. Value Factor ETF Stock Up 0.5%

The stock has a market capitalization of $752.49 million, a price-to-earnings ratio of 16.37 and a beta of 0.95. The stock’s 50-day simple moving average is $51.67 and its 200 day simple moving average is $50.51.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JVAL. Royal Bank of Canada boosted its position in JPMorgan U.S. Value Factor ETF by 87.5% in the first quarter. Royal Bank of Canada now owns 9,777 shares of the company’s stock valued at $405,000 after buying an additional 4,562 shares in the last quarter. NewEdge Advisors LLC boosted its position in JPMorgan U.S. Value Factor ETF by 17.9% in the first quarter. NewEdge Advisors LLC now owns 16,039 shares of the company’s stock valued at $664,000 after buying an additional 2,430 shares in the last quarter. Jane Street Group LLC boosted its position in JPMorgan U.S. Value Factor ETF by 66.3% in the first quarter. Jane Street Group LLC now owns 28,130 shares of the company’s stock valued at $1,165,000 after buying an additional 11,216 shares in the last quarter. Bank of America Corp DE boosted its position in JPMorgan U.S. Value Factor ETF by 9.1% in the second quarter. Bank of America Corp DE now owns 496,878 shares of the company’s stock valued at $21,977,000 after buying an additional 41,401 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in JPMorgan U.S. Value Factor ETF by 45.5% in the second quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock valued at $11,188,000 after buying an additional 79,067 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.