JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $58.76 and traded as high as $59.24. JPMorgan U.S. Value Factor ETF shares last traded at $59.13, with a volume of 52,864 shares trading hands.
JPMorgan U.S. Value Factor ETF Stock Up 1.3%
The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.74 and a beta of 0.97. The stock’s 50 day moving average is $58.76 and its 200 day moving average is $55.74.
Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Composition Wealth LLC bought a new position in JPMorgan U.S. Value Factor ETF during the third quarter valued at about $610,000. Thoroughbred Financial Services LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the third quarter worth about $1,627,000. Harbour Investments Inc. bought a new stake in JPMorgan U.S. Value Factor ETF in the third quarter worth about $883,000. Russell Investments Group Ltd. boosted its position in shares of JPMorgan U.S. Value Factor ETF by 22,340.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,244 shares of the company’s stock valued at $130,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Cooper Haims Advisors LLC bought a new position in shares of JPMorgan U.S. Value Factor ETF during the 3rd quarter valued at about $394,000.
About JPMorgan U.S. Value Factor ETF
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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