JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sets New 1-Year High – What’s Next?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) reached a new 52-week high on Thursday . The stock traded as high as $52.47 and last traded at $52.18, with a volume of 49794 shares trading hands. The stock had previously closed at $52.11.

JPMorgan U.S. Value Factor ETF Stock Up 0.1%

The company has a market cap of $699.21 million, a P/E ratio of 16.37 and a beta of 1.00. The business has a fifty day simple moving average of $50.36 and a two-hundred day simple moving average of $48.23.

Institutional Trading of JPMorgan U.S. Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in JPMorgan U.S. Value Factor ETF by 9.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,764 shares of the company’s stock valued at $381,000 after buying an additional 672 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of JPMorgan U.S. Value Factor ETF during the fourth quarter worth $19,545,000. Capital Analysts LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 19.1% during the fourth quarter. Capital Analysts LLC now owns 2,943 shares of the company’s stock worth $144,000 after acquiring an additional 473 shares during the last quarter. Cooper Haims Advisors LLC purchased a new position in JPMorgan U.S. Value Factor ETF during the fourth quarter valued at $358,000. Finally, Goldman Sachs Group Inc. increased its holdings in JPMorgan U.S. Value Factor ETF by 19.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 83,089 shares of the company’s stock valued at $4,078,000 after acquiring an additional 13,272 shares during 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.