NewEdge Advisors LLC Reduces Stock Position in JPMorgan Active Value ETF $JAVA

NewEdge Advisors LLC lessened its stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,648 shares of the company’s stock after selling 10,635 shares during the period. NewEdge Advisors LLC owned approximately 0.16% of JPMorgan Active Value ETF worth $10,020,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of JPMorgan Active Value ETF by 117.0% in the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock worth $127,119,000 after buying an additional 955,074 shares during the last quarter. Arkadios Wealth Advisors increased its position in JPMorgan Active Value ETF by 14.9% during the first quarter. Arkadios Wealth Advisors now owns 70,372 shares of the company’s stock valued at $5,049,000 after acquiring an additional 9,117 shares during the last quarter. Royal Bank of Canada increased its position in JPMorgan Active Value ETF by 83.6% during the first quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock valued at $86,107,000 after acquiring an additional 546,593 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in JPMorgan Active Value ETF by 104.4% in the first quarter. Gateway Wealth Partners LLC now owns 11,390 shares of the company’s stock valued at $817,000 after acquiring an additional 5,817 shares during the period. Finally, Waverly Advisors LLC bought a new position in JPMorgan Active Value ETF in the first quarter valued at about $318,000. 43.07% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Active Value ETF Stock Performance

Shares of NYSEARCA:JAVA opened at $80.86 on Friday. The stock’s 50-day simple moving average is $79.16 and its two-hundred day simple moving average is $76.19. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of -88.86 and a beta of 0.78. JPMorgan Active Value ETF has a 52-week low of $64.40 and a 52-week high of $81.42.

JPMorgan Active Value ETF Company Profile

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.