Thrivent Financial for Lutherans Makes New $15.46 Million Investment in JPMorgan U.S. Value Factor ETF $JVAL

Thrivent Financial for Lutherans purchased a new stake in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 325,425 shares of the company’s stock, valued at approximately $15,458,000. Thrivent Financial for Lutherans owned 2.83% of JPMorgan U.S. Value Factor ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in JPMorgan U.S. Value Factor ETF during the 2nd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan U.S. Value Factor ETF during the second quarter valued at $35,000. First Horizon Corp purchased a new position in shares of JPMorgan U.S. Value Factor ETF during the third quarter valued at $55,000. Avaii Wealth Management LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the third quarter valued at $212,000. Finally, Strategic Blueprint LLC purchased a new stake in JPMorgan U.S. Value Factor ETF in the 3rd quarter worth about $215,000.

JPMorgan U.S. Value Factor ETF Trading Down 0.7%

Shares of NYSEARCA JVAL opened at $50.88 on Wednesday. The firm has a market capitalization of $681.79 million, a PE ratio of 16.37 and a beta of 1.00. The business has a 50-day moving average price of $50.01 and a two-hundred day moving average price of $47.99. JPMorgan U.S. Value Factor ETF has a one year low of $35.62 and a one year high of $51.47.

JPMorgan U.S. Value Factor ETF 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.