JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 52-Week High – Here’s Why

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) reached a new 52-week high during trading on Friday . The company traded as high as $51.53 and last traded at $51.5540, with a volume of 847 shares changing hands. The stock had previously closed at $51.14.

JPMorgan U.S. Value Factor ETF Stock Up 2.2%

The firm’s 50-day moving average price is $50.11 and its two-hundred day moving average price is $48.03. The firm has a market capitalization of $693.66 million, a PE ratio of 16.37 and a beta of 1.00.

Institutional Trading of JPMorgan U.S. Value Factor ETF

Hedge funds have recently modified their holdings of the business. Cobblestone Capital Advisors LLC NY boosted its position in shares of JPMorgan U.S. Value Factor ETF by 1.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock worth $57,310,000 after buying an additional 16,604 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 4.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after acquiring an additional 40,175 shares in the last quarter. CWM LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 0.5% in the 2nd quarter. CWM LLC now owns 853,589 shares of the company’s stock worth $37,754,000 after acquiring an additional 4,540 shares in the last quarter. Cerity Partners LLC boosted its position in JPMorgan U.S. Value Factor ETF by 1.5% during the 2nd quarter. Cerity Partners LLC now owns 551,676 shares of the company’s stock worth $24,401,000 after acquiring an additional 7,892 shares during the period. Finally, Bank of America Corp DE grew its stake in JPMorgan U.S. Value Factor ETF by 3.8% during the 3rd quarter. Bank of America Corp DE now owns 515,612 shares of the company’s stock valued at $24,492,000 after acquiring an additional 18,734 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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.