JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw unusually-high trading volume on Wednesday . Approximately 323,821 shares changed hands during mid-day trading, an increase of 365% from the previous session’s volume of 69,678 shares.The stock last traded at $59.25 and had previously closed at $58.94.

JPMorgan U.S. Value Factor ETF Price Performance

The company has a 50-day simple moving average of $58.62 and a 200-day simple moving average of $55.05. The stock has a market cap of $857.75 million, a PE ratio of 16.37 and a beta of 0.96.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the first quarter valued at about $37,000. IFP Advisors Inc grew its position in JPMorgan U.S. Value Factor ETF by 35.0% during the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after buying an additional 214 shares during the period. Greenline Wealth Management LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the fourth quarter valued at about $44,000. Western Wealth Management LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the first quarter valued at about $45,000. Finally, Triumph Capital Management purchased a new position in JPMorgan U.S. Value Factor ETF in the third quarter valued at about $134,000.

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.