Janney Montgomery Scott LLC Grows Stock Position in JPMorgan Active Value ETF (NYSEARCA:JAVA)

Janney Montgomery Scott LLC raised its holdings in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 3.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,477,361 shares of the company’s stock after buying an additional 51,002 shares during the quarter. Janney Montgomery Scott LLC owned about 2.92% of JPMorgan Active Value ETF worth $93,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JAVA. Centricity Wealth Management LLC purchased a new stake in JPMorgan Active Value ETF in the fourth quarter valued at about $39,000. Assetmark Inc. raised its stake in shares of JPMorgan Active Value ETF by 2,402.6% in the fourth quarter. Assetmark Inc. now owns 976 shares of the company’s stock worth $62,000 after purchasing an additional 937 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of JPMorgan Active Value ETF in the first quarter worth about $81,000. Cary Street Partners Financial LLC purchased a new position in shares of JPMorgan Active Value ETF in the fourth quarter worth about $101,000. Finally, WR Wealth Planners LLC purchased a new position in shares of JPMorgan Active Value ETF in the fourth quarter worth about $115,000.

JPMorgan Active Value ETF Stock Down 0.9%

Shares of NYSEARCA:JAVA opened at $63.86 on Monday. JPMorgan Active Value ETF has a 52-week low of $55.51 and a 52-week high of $68.77. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83. The business has a 50-day moving average price of $62.07 and a 200-day moving average price of $63.83.

JPMorgan Active Value ETF 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.