MLG Wealth Management DBA Pine Grove Financial Group cut its position in JPMorgan Active Value ETF (NYSEARCA:JAVA – Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,932 shares of the company’s stock after selling 7,352 shares during the quarter. JPMorgan Active Value ETF comprises 1.1% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 28th biggest position. MLG Wealth Management DBA Pine Grove Financial Group owned approximately 0.16% of JPMorgan Active Value ETF worth $10,524,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in JPMorgan Active Value ETF in the 4th quarter worth about $32,000. Quadrant Capital Group LLC bought a new stake in shares of JPMorgan Active Value ETF during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JPMorgan Active Value ETF during the third quarter worth approximately $33,000. Greenline Wealth Management LLC bought a new position in JPMorgan Active Value ETF in the 4th quarter worth approximately $45,000. Finally, Compass Financial Management LLC bought a new position in JPMorgan Active Value ETF in the 2nd quarter worth approximately $103,000. 43.07% of the stock is owned by institutional investors and hedge funds.
JPMorgan Active Value ETF Price Performance
Shares of JPMorgan Active Value ETF stock opened at $82.84 on Tuesday. JPMorgan Active Value ETF has a 1-year low of $67.14 and a 1-year high of $84.06. The business’s fifty day moving average price is $81.77 and its two-hundred day moving average price is $77.66. The company has a market capitalization of $7.09 billion, a P/E ratio of -91.03 and a beta of 0.77.
JPMorgan Active Value ETF Company Profile
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.
Further Reading
- Five stocks we like better than JPMorgan Active Value ETF
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Want to see what other hedge funds are holding JAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Active Value ETF (NYSEARCA:JAVA – Free Report).
Receive News & Ratings for JPMorgan Active Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Active Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.
