Northwestern Mutual Wealth Management Co. Boosts Stake in JPMorgan Active Value ETF $JAVA

Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 213.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,208 shares of the company’s stock after purchasing an additional 9,675 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Active Value ETF were worth $931,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Active Value ETF by 31.3% in the first quarter. JPMorgan Chase & Co. now owns 13,430,674 shares of the company’s stock valued at $853,385,000 after acquiring an additional 3,199,399 shares during the period. Ameriprise Financial Inc. grew its position in JPMorgan Active Value ETF by 51.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,162,672 shares of the company’s stock worth $137,411,000 after purchasing an additional 730,436 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in JPMorgan Active Value ETF by 115.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,155,023 shares of the company’s stock valued at $75,654,000 after purchasing an additional 618,857 shares during the period. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Active Value ETF by 74.7% in the first quarter. Raymond James Financial Inc. now owns 909,109 shares of the company’s stock valued at $57,765,000 after buying an additional 388,721 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of JPMorgan Active Value ETF by 9.5% during the second quarter. Sagespring Wealth Partners LLC now owns 3,069,729 shares of the company’s stock worth $201,067,000 after buying an additional 265,790 shares during the period. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Trading Up 0.2%

JPMorgan Active Value ETF stock opened at $71.68 on Friday. The stock has a 50 day moving average of $69.49 and a two-hundred day moving average of $67.25. JPMorgan Active Value ETF has a twelve month low of $55.51 and a twelve month high of $71.98. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -78.77 and a beta of 0.81.

About JPMorgan Active Value ETF

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.