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

JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw unusually-strong trading volume on Thursday . Approximately 310,931 shares were traded during mid-day trading, an increase of 352% from the previous session’s volume of 68,786 shares.The stock last traded at $44.57 and had previously closed at $44.41.

JPMorgan US Value Factor ETF Trading Up 0.2 %

The stock has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $43.57. The company has a market cap of $890.67 million, a PE ratio of 15.29 and a beta of 0.99.

Institutional Investors Weigh In On JPMorgan US Value Factor ETF

Several institutional investors have recently modified their holdings of the company. Park Edge Advisors LLC acquired a new position in shares of JPMorgan US Value Factor ETF during the 3rd quarter worth approximately $207,000. Modera Wealth Management LLC acquired a new position in shares of JPMorgan US Value Factor ETF during the 3rd quarter worth approximately $212,000. Berger Financial Group Inc acquired a new position in shares of JPMorgan US Value Factor ETF during the 4th quarter worth approximately $233,000. Spire Wealth Management raised its position in shares of JPMorgan US Value Factor ETF by 11.6% during the 4th quarter. Spire Wealth Management now owns 5,765 shares of the company’s stock worth $249,000 after purchasing an additional 597 shares during the last quarter. Finally, Acropolis Investment Management LLC acquired a new position in shares of JPMorgan US Value Factor ETF during the 4th quarter worth approximately $253,000.

About JPMorgan US 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.