JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 12-Month High – Still a Buy?

Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $81.00 and last traded at $80.47, with a volume of 277669 shares. The stock had previously closed at $80.55.

JPMorgan Active Value ETF Stock Up 0.7%

The company’s fifty day simple moving average is $77.88 and its 200 day simple moving average is $75.40. The firm has a market capitalization of $6.75 billion, a PE ratio of -88.00 and a beta of 0.78.

Institutional Investors Weigh In On JPMorgan Active Value ETF

Several hedge funds have recently made changes to their positions in JAVA. NewEdge Advisors LLC raised its holdings in JPMorgan Active Value ETF by 1.7% in the first quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after purchasing an additional 245 shares in the last quarter. Creative Planning purchased a new stake in shares of JPMorgan Active Value ETF in the 2nd quarter worth about $269,000. Flow Traders U.S. LLC purchased a new stake in shares of JPMorgan Active Value ETF in the 2nd quarter worth about $324,000. Cary Street Partners Financial LLC increased its stake in shares of JPMorgan Active Value ETF by 13.3% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,812 shares of the company’s stock worth $119,000 after acquiring an additional 212 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of JPMorgan Active Value ETF in the 2nd quarter worth about $127,000. 43.07% of the stock is currently owned by institutional investors.

About JPMorgan Active Value ETF

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.