JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) shares saw unusually-strong trading volume on Friday. 188,751 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 69,259 shares. The stock last traded at $58.8890 and had previously closed at $59.58.

JPMorgan U.S. Value Factor ETF Trading Down 1.6%

The stock has a 50 day moving average price of $58.96 and a two-hundred day moving average price of $55.40. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 16.37 and a beta of 0.96.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

A number of institutional investors have recently modified their holdings of the stock. Avidian Wealth Enterprises LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the third quarter valued at about $69,303,000. Affinity Wealth LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 4.8% in the 2nd quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock worth $36,773,000 after buying an additional 28,767 shares during the last quarter. Bank of America Corp DE increased its stake in JPMorgan U.S. Value Factor ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after buying an additional 21,394 shares in the last quarter. Prism Advisors Inc. purchased a new position in shares of JPMorgan U.S. Value Factor ETF in the third quarter valued at approximately $13,647,000. Finally, Private Advisor Group LLC boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 252.7% in the first quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after acquiring an additional 34,853 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.