Janney Montgomery Scott LLC Reduces Stake in JPMorgan U.S. Value Factor ETF $JVAL

Janney Montgomery Scott LLC lowered its holdings in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 42.2% during the second quarter, HoldingsChannel reports. The fund owned 7,092 shares of the company’s stock after selling 5,183 shares during the period. Janney Montgomery Scott LLC’s holdings in JPMorgan U.S. Value Factor ETF were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JVAL. Avidian Wealth Enterprises LLC increased its holdings in shares of JPMorgan U.S. Value Factor ETF by 44.5% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 529,993 shares of the company’s stock valued at $21,952,000 after acquiring an additional 163,322 shares during the last quarter. LPL Financial LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 17.7% in the 1st quarter. LPL Financial LLC now owns 980,313 shares of the company’s stock valued at $40,605,000 after purchasing an additional 147,494 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the 1st quarter valued at about $2,514,000. Kathmere Capital Management LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 36.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 143,006 shares of the company’s stock valued at $6,325,000 after purchasing an additional 38,040 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of JPMorgan U.S. Value Factor ETF by 19.4% in the 1st quarter. Cetera Investment Advisers now owns 166,347 shares of the company’s stock valued at $6,890,000 after purchasing an additional 27,000 shares during the period.

JPMorgan U.S. Value Factor ETF Stock Up 0.4%

Shares of NYSEARCA JVAL opened at $47.40 on Monday. The stock has a market cap of $549.84 million, a PE ratio of 16.37 and a beta of 1.05. JPMorgan U.S. Value Factor ETF has a 52-week low of $35.62 and a 52-week high of $48.42. The business has a 50-day moving average price of $46.95 and a 200 day moving average price of $43.98.

JPMorgan U.S. Value Factor ETF 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.