Avidian Wealth Enterprises LLC Raises Stock Position in JPMorgan U.S. Value Factor ETF $JVAL

Avidian Wealth Enterprises LLC increased its stake in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 81.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 961,736 shares of the company’s stock after buying an additional 431,743 shares during the period. JPMorgan U.S. Value Factor ETF comprises 1.7% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 13th largest position. Avidian Wealth Enterprises LLC owned approximately 0.08% of JPMorgan U.S. Value Factor ETF worth $42,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cobblestone Capital Advisors LLC NY boosted its holdings in JPMorgan U.S. Value Factor ETF by 0.4% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 1,196,798 shares of the company’s stock worth $49,571,000 after purchasing an additional 5,222 shares during the last quarter. LPL Financial LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 17.7% in the first quarter. LPL Financial LLC now owns 980,313 shares of the company’s stock worth $40,605,000 after purchasing an additional 147,494 shares during the last quarter. CWM LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 0.5% in the second quarter. CWM LLC now owns 853,589 shares of the company’s stock worth $37,754,000 after purchasing an additional 4,540 shares during the last quarter. Cerity Partners LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 0.5% in the first quarter. Cerity Partners LLC now owns 543,784 shares of the company’s stock worth $22,524,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in JPMorgan U.S. Value Factor ETF by 1.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 522,173 shares of the company’s stock worth $21,628,000 after purchasing an additional 8,767 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Trading Up 1.2%

Shares of JVAL stock opened at $47.95 on Tuesday. JPMorgan U.S. Value Factor ETF has a 12-month low of $35.62 and a 12-month high of $48.42. The firm’s 50 day moving average is $47.02 and its 200 day moving average is $44.05. The stock has a market capitalization of $556.22 million, a P/E ratio of 16.37 and a beta of 1.05.

JPMorgan U.S. Value Factor ETF 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.