SVB Wealth LLC Sells 10,146 Shares of JPMorgan U.S. Value Factor ETF $JVAL

SVB Wealth LLC reduced its stake in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 32.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,019 shares of the company’s stock after selling 10,146 shares during the quarter. SVB Wealth LLC’s holdings in JPMorgan U.S. Value Factor ETF were worth $1,032,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cobblestone Capital Advisors LLC NY lifted its stake in JPMorgan U.S. Value Factor ETF by 1.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock worth $57,310,000 after purchasing an additional 16,604 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in JPMorgan U.S. Value Factor ETF in the third quarter worth $658,000. Avidian Wealth Enterprises LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 3.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 996,183 shares of the company’s stock worth $47,319,000 after purchasing an additional 34,447 shares during the last quarter. CWM LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 1.3% in the fourth quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after purchasing an additional 10,268 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in JPMorgan U.S. Value Factor ETF in the third quarter worth $15,458,000.

JPMorgan U.S. Value Factor ETF Stock Down 0.1%

JPMorgan U.S. Value Factor ETF stock opened at $55.42 on Tuesday. The company has a market capitalization of $753.71 million, a PE ratio of 16.37 and a beta of 0.95. The firm has a fifty day simple moving average of $51.10 and a two-hundred day simple moving average of $50.19. JPMorgan U.S. Value Factor ETF has a twelve month low of $41.31 and a twelve month high of $55.60.

JPMorgan U.S. Value Factor ETF Profile

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.