Steph & Co. Lowers Position in JPMorgan Active Value ETF $JAVA

Steph & Co. lessened its position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 857,239 shares of the company’s stock after selling 55,360 shares during the quarter. JPMorgan Active Value ETF comprises 16.9% of Steph & Co.’s holdings, making the stock its biggest position. Steph & Co.’s holdings in JPMorgan Active Value ETF were worth $68,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JAVA. JPMorgan Chase & Co. boosted its stake in JPMorgan Active Value ETF by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after acquiring an additional 4,437,690 shares in the last quarter. LPL Financial LLC increased its position in shares of JPMorgan Active Value ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock worth $449,158,000 after purchasing an additional 531,461 shares in the last quarter. Cetera Investment Advisers increased its position in shares of JPMorgan Active Value ETF by 29.1% during the first quarter. Cetera Investment Advisers now owns 1,788,286 shares of the company’s stock worth $128,310,000 after purchasing an additional 403,101 shares in the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan Active Value ETF by 117.0% during the first quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock worth $127,119,000 after purchasing an additional 955,074 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of JPMorgan Active Value ETF during the 2nd quarter valued at $115,836,000. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Down 0.4%

Shares of JPMorgan Active Value ETF stock traded down $0.31 during trading on Wednesday, reaching $80.74. The company’s stock had a trading volume of 469,029 shares, compared to its average volume of 441,915. The company has a market cap of $7.02 billion, a price-to-earnings ratio of -88.73 and a beta of 0.78. JPMorgan Active Value ETF has a 1-year low of $67.14 and a 1-year high of $84.06. The company has a 50-day simple moving average of $82.11 and a two-hundred day simple moving average of $78.66.

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.