Royal Bank of Canada increased its position in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Free Report) by 71.8% during the first quarter, Holdings Channel.com reports. The fund owned 31,692 shares of the company’s stock after acquiring an additional 13,243 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan U.S. Value Factor ETF were worth $1,549,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of JPMorgan U.S. Value Factor ETF by 23,712.7% during the 4th quarter. Captrust Financial Advisors now owns 1,184,445 shares of the company’s stock valued at $58,133,000 after purchasing an additional 1,179,471 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter worth approximately $19,545,000. Mariner LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 890.6% during the fourth quarter. Mariner LLC now owns 150,781 shares of the company’s stock valued at $7,400,000 after purchasing an additional 135,560 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in JPMorgan U.S. Value Factor ETF by 34.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock valued at $21,582,000 after purchasing an additional 110,666 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 45.5% during the second quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock valued at $11,188,000 after purchasing an additional 79,067 shares during the last quarter.
JPMorgan U.S. Value Factor ETF Stock Performance
Shares of NYSEARCA:JVAL opened at $59.63 on Thursday. The stock has a market capitalization of $861.65 million, a price-to-earnings ratio of 16.37 and a beta of 0.96. JPMorgan U.S. Value Factor ETF has a 1-year low of $45.40 and a 1-year high of $60.64. The company has a 50 day moving average price of $58.37 and a 200 day moving average price of $54.54.
JPMorgan U.S. Value Factor ETF Company 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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.
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