JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 12-Month High – Still a Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVALGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $60.02 and last traded at $59.98, with a volume of 56066 shares. The stock had previously closed at $59.74.

JPMorgan U.S. Value Factor ETF Trading Up 0.1%

The stock has a fifty day moving average price of $58.02 and a 200 day moving average price of $54.09. The firm has a market cap of $863.97 million, a price-to-earnings ratio of 16.37 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JVAL. Whittier Trust Co. of Nevada Inc. acquired a new stake in JPMorgan U.S. Value Factor ETF in the 1st quarter valued at approximately $37,000. IFP Advisors Inc grew its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% in the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after acquiring an additional 214 shares during the last quarter. Greenline Wealth Management LLC bought a new position in JPMorgan U.S. Value Factor ETF during the fourth quarter worth $44,000. Western Wealth Management LLC bought a new position in JPMorgan U.S. Value Factor ETF during the first quarter worth $45,000. Finally, Assetmark Inc. raised its stake in JPMorgan U.S. Value Factor ETF by 2,726.5% during the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock valued at $47,000 after purchasing an additional 927 shares during the last quarter.

About JPMorgan U.S. Value Factor ETF

(Get Free Report)

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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.

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