JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 1-Year High – Here’s What Happened

JPMorgan Active Value ETF (NYSEARCA:JAVAGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $77.36 and last traded at $77.36, with a volume of 15035 shares trading hands. The stock had previously closed at $76.69.

JPMorgan Active Value ETF Trading Up 0.7%

The stock has a market cap of $6.80 billion, a P/E ratio of -84.87 and a beta of 0.79. The company has a 50 day simple moving average of $74.17 and a 200 day simple moving average of $73.49.

Institutional Investors Weigh In On JPMorgan Active Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Active Value ETF during the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC bought a new stake in shares of JPMorgan Active Value ETF in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of JPMorgan Active Value ETF in the 3rd quarter valued at about $33,000. Fairway Wealth LLC acquired a new stake in JPMorgan Active Value ETF in the 4th quarter valued at about $37,000. Finally, Greenline Wealth Management LLC acquired a new stake in JPMorgan Active Value ETF in the 4th quarter valued at about $45,000. Institutional investors own 43.07% of the company’s stock.

About JPMorgan Active Value ETF

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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.

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