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

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw an uptick in trading volume on Tuesday . 536,656 shares changed hands during mid-day trading, an increase of 346% from the previous session’s volume of 120,324 shares.The stock last traded at $43.37 and had previously closed at $43.46.

JPMorgan U.S. Value Factor ETF Price Performance

The company has a market cap of $528.65 million, a PE ratio of 16.42 and a beta of 0.99. The business’s fifty day simple moving average is $41.05 and its two-hundred day simple moving average is $42.59.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 10.5% during the 4th quarter. Blue Trust Inc. now owns 19,645 shares of the company’s stock worth $849,000 after purchasing an additional 1,863 shares during the period. Strategic Financial Concepts LLC acquired a new stake in JPMorgan U.S. Value Factor ETF during the 4th quarter worth approximately $746,000. 5T Wealth LLC purchased a new position in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter valued at about $915,000. Truist Financial Corp grew its stake in shares of JPMorgan U.S. Value Factor ETF by 4.6% during the fourth quarter. Truist Financial Corp now owns 13,366 shares of the company’s stock worth $577,000 after purchasing an additional 587 shares in the last quarter. Finally, SVB Wealth LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 1,565.0% during the fourth quarter. SVB Wealth LLC now owns 90,092 shares of the company’s stock worth $3,892,000 after purchasing an additional 84,681 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Company 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.