LRI Investments LLC Increases Position in JPMorgan Active Value ETF $JAVA

LRI Investments LLC increased its stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 16.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,350 shares of the company’s stock after acquiring an additional 3,000 shares during the period. LRI Investments LLC’s holdings in JPMorgan Active Value ETF were worth $1,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JAVA. Weil Company Inc. boosted its position in JPMorgan Active Value ETF by 133.0% during the first quarter. Weil Company Inc. now owns 63,888 shares of the company’s stock valued at $4,059,000 after buying an additional 36,473 shares during the period. Atria Wealth Solutions Inc. boosted its position in JPMorgan Active Value ETF by 51.2% during the first quarter. Atria Wealth Solutions Inc. now owns 33,292 shares of the company’s stock valued at $2,115,000 after buying an additional 11,275 shares during the period. Ignite Planners LLC boosted its position in JPMorgan Active Value ETF by 75.5% during the first quarter. Ignite Planners LLC now owns 8,369 shares of the company’s stock valued at $516,000 after buying an additional 3,601 shares during the period. Worth Financial Advisory Group LLC boosted its position in JPMorgan Active Value ETF by 6.0% during the second quarter. Worth Financial Advisory Group LLC now owns 9,465 shares of the company’s stock valued at $620,000 after buying an additional 535 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. purchased a new stake in JPMorgan Active Value ETF during the first quarter valued at about $202,000. 43.07% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Active Value ETF Stock Down 2.2%

NYSEARCA JAVA opened at $67.15 on Friday. The company has a 50-day simple moving average of $67.77 and a two-hundred day simple moving average of $64.90. JPMorgan Active Value ETF has a 12-month low of $55.51 and a 12-month high of $69.83. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -73.79 and a beta of 0.80.

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.