Avidian Wealth Enterprises LLC Buys 1,196,536 Shares of JPMorgan U.S. Value Factor ETF $JVAL

Avidian Wealth Enterprises LLC acquired a new stake in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,196,536 shares of the company’s stock, valued at approximately $69,303,000. JPMorgan U.S. Value Factor ETF accounts for approximately 1.9% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 9th largest position. Avidian Wealth Enterprises LLC owned approximately 7.00% of JPMorgan U.S. Value Factor ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the 4th quarter worth approximately $19,545,000. Private Advisor Group LLC lifted its position in 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 valued at $2,377,000 after purchasing an additional 34,853 shares during the period. Affinity Wealth LLC increased its holdings in JPMorgan U.S. Value Factor ETF by 4.8% in the second quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock valued at $36,773,000 after buying an additional 28,767 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of JPMorgan U.S. Value Factor ETF by 113.4% in the first quarter. Gateway Wealth Partners LLC now owns 44,672 shares of the company’s stock valued at $2,183,000 after acquiring an additional 23,738 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in JPMorgan U.S. Value Factor ETF by 4.0% during the first quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after purchasing an additional 21,394 shares during the period.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JVAL stock traded down $0.16 on Thursday, hitting $58.52. The stock had a trading volume of 16,760 shares, compared to its average volume of 69,045. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 16.37 and a beta of 0.96. The stock’s 50 day moving average is $59.19 and its 200-day moving average is $56.55. JPMorgan U.S. Value Factor ETF has a 52-week low of $45.91 and a 52-week high of $60.64.

JPMorgan U.S. Value Factor ETF Company 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.