JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 1-Year High – Should You Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $76.25 and last traded at $75.80, with a volume of 1092888 shares trading hands. The stock had previously closed at $75.58.

JPMorgan Active Value ETF Stock Performance

The firm has a 50 day moving average price of $73.04 and a two-hundred day moving average price of $69.86. The company has a market cap of $5.70 billion, a P/E ratio of -83.30 and a beta of 0.81.

Institutional Trading of JPMorgan Active Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Active Value ETF by 15.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,963,524 shares of the company’s stock valued at $1,100,845,000 after buying an additional 2,098,043 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of JPMorgan Active Value ETF by 9.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 4,199,747 shares of the company’s stock worth $301,206,000 after acquiring an additional 355,013 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF by 26.1% during the third quarter. Dynasty Wealth Management LLC now owns 3,761,884 shares of the company’s stock worth $259,420,000 after acquiring an additional 778,258 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of JPMorgan Active Value ETF by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock worth $174,520,000 after acquiring an additional 81,880 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan Active Value ETF by 1.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,223,471 shares of the company’s stock valued at $84,371,000 after purchasing an additional 20,278 shares in the last quarter. Institutional investors own 43.07% of the company’s stock.

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.