JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sets New 12-Month High – Here’s Why

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.48 and last traded at $50.49, with a volume of 15046 shares trading hands. The stock had previously closed at $49.98.

JPMorgan U.S. Value Factor ETF Stock Up 1.4%

The business’s 50 day simple moving average is $48.67 and its two-hundred day simple moving average is $47.06. The stock has a market cap of $600.44 million, a P/E ratio of 16.37 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JVAL. Cobblestone Capital Advisors LLC NY boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 1.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock valued at $57,310,000 after purchasing an additional 16,604 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 3.6% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 996,183 shares of the company’s stock valued at $47,319,000 after buying an additional 34,447 shares during the last quarter. CWM LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 0.5% in the 2nd quarter. CWM LLC now owns 853,589 shares of the company’s stock valued at $37,754,000 after buying an additional 4,540 shares during the last quarter. Cerity Partners LLC boosted its position in JPMorgan U.S. Value Factor ETF by 1.5% during the 2nd quarter. Cerity Partners LLC now owns 551,676 shares of the company’s stock worth $24,401,000 after buying an additional 7,892 shares during the period. Finally, Bank of America Corp DE grew its holdings in JPMorgan U.S. Value Factor ETF by 3.8% during the 3rd quarter. Bank of America Corp DE now owns 515,612 shares of the company’s stock worth $24,492,000 after acquiring an additional 18,734 shares during the last quarter.

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.