JPMorgan Active Value ETF $JAVA is Steph & Co.’s Largest Position

Steph & Co. lifted its stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 9.4% during the fourth quarter, HoldingsChannel reports. The fund owned 822,317 shares of the company’s stock after purchasing an additional 70,458 shares during the quarter. JPMorgan Active Value ETF comprises approximately 17.0% of Steph & Co.’s holdings, making the stock its biggest position. Steph & Co.’s holdings in JPMorgan Active Value ETF were worth $58,977,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JAVA. NewEdge Advisors LLC increased its stake in shares of JPMorgan Active Value ETF by 1.7% in the first quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after acquiring an additional 245 shares during the last quarter. Creative Planning acquired a new position in shares of JPMorgan Active Value ETF in the second quarter worth $269,000. Flow Traders U.S. LLC acquired a new position in shares of JPMorgan Active Value ETF in the second quarter worth $324,000. Cary Street Partners Financial LLC increased its stake in shares of JPMorgan Active Value ETF by 13.3% in the second quarter. Cary Street Partners Financial LLC now owns 1,812 shares of the company’s stock worth $119,000 after acquiring an additional 212 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of JPMorgan Active Value ETF in the second quarter worth $127,000. 43.07% of the stock is owned by institutional investors and hedge funds.

JPMorgan Active Value ETF Trading Up 1.0%

NYSEARCA JAVA opened at $74.60 on Tuesday. JPMorgan Active Value ETF has a 1-year low of $57.81 and a 1-year high of $77.22. The company has a market capitalization of $6.21 billion, a PE ratio of -81.98 and a beta of 0.81. The firm’s fifty day simple moving average is $73.93 and its 200-day simple moving average is $72.16.

About JPMorgan Active Value ETF

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.