JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Hits New 1-Year High – Here’s Why

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.26 and last traded at $48.37, with a volume of 1075 shares trading hands. The stock had previously closed at $47.95.

JPMorgan U.S. Value Factor ETF Stock Up 0.3%

The firm has a 50 day simple moving average of $46.43 and a 200-day simple moving average of $43.56. The stock has a market cap of $562.42 million, a P/E ratio of 16.37 and a beta of 1.05.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barnes Wealth Management Group Inc grew its position in shares of JPMorgan U.S. Value Factor ETF by 3.2% in the first quarter. Barnes Wealth Management Group Inc now owns 8,360 shares of the company’s stock valued at $346,000 after purchasing an additional 262 shares during the last quarter. Alesco Advisors LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 3.5% in the second quarter. Alesco Advisors LLC now owns 8,975 shares of the company’s stock valued at $397,000 after purchasing an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan U.S. Value Factor ETF by 0.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 74,046 shares of the company’s stock valued at $3,067,000 after purchasing an additional 341 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,588 shares of the company’s stock valued at $1,192,000 after purchasing an additional 445 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in shares of JPMorgan U.S. Value Factor ETF in the second quarter valued at approximately $27,000.

About JPMorgan U.S. Value Factor ETF

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.