JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – Here’s Why
by Kim Johansen · The Markets DailyJPMorgan Active Value ETF (NYSEARCA:JAVA – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $73.00 and last traded at $73.0260, with a volume of 252 shares trading hands. The stock had previously closed at $72.58.
JPMorgan Active Value ETF Stock Up 0.9%
The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -80.42 and a beta of 0.81. The company has a 50 day simple moving average of $70.75 and a 200 day simple moving average of $68.49.
Hedge Funds Weigh In On JPMorgan Active Value ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. grew its stake in shares of JPMorgan Active Value ETF by 11.6% during the third quarter. Pinnacle Bancorp Inc. now owns 1,438 shares of the company’s stock worth $99,000 after buying an additional 150 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of JPMorgan Active Value ETF by 2.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 8,062 shares of the company’s stock valued at $556,000 after acquiring an additional 159 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in JPMorgan Active Value ETF by 1.6% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 10,682 shares of the company’s stock worth $737,000 after acquiring an additional 171 shares during the last quarter. MONECO Advisors LLC increased its holdings in JPMorgan Active Value ETF by 2.1% in the 3rd quarter. MONECO Advisors LLC now owns 9,157 shares of the company’s stock worth $631,000 after purchasing an additional 190 shares in the last quarter. Finally, Comerica Bank increased its holdings in JPMorgan Active Value ETF by 3.5% in the 1st quarter. Comerica Bank now owns 6,067 shares of the company’s stock worth $385,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 43.07% of the company’s stock.
About JPMorgan Active Value ETF
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.