Avidian Wealth Enterprises LLC Acquires 431,743 Shares of JPMorgan U.S. Value Factor ETF $JVAL

Avidian Wealth Enterprises LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 81.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 961,736 shares of the company’s stock after purchasing an additional 431,743 shares during the period. JPMorgan U.S. Value Factor ETF accounts for 1.7% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 13th largest position. Avidian Wealth Enterprises LLC owned approximately 8.22% of JPMorgan U.S. Value Factor ETF worth $42,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JVAL. LPL Financial LLC increased its stake in shares of JPMorgan U.S. Value Factor ETF by 17.7% during the first 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 in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of JPMorgan U.S. Value Factor ETF during the first quarter valued at approximately $2,514,000. Kathmere Capital Management LLC grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 36.2% during the second quarter. Kathmere Capital Management LLC now owns 143,006 shares of the company’s stock valued at $6,325,000 after buying an additional 38,040 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 19.4% during the first quarter. Cetera Investment Advisers now owns 166,347 shares of the company’s stock valued at $6,890,000 after buying an additional 27,000 shares during the last quarter. Finally, Columbia Advisory Partners LLC grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 18.1% during the second quarter. Columbia Advisory Partners LLC now owns 165,954 shares of the company’s stock valued at $7,340,000 after buying an additional 25,453 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Up 1.2%

NYSEARCA:JVAL opened at $47.95 on Tuesday. The company’s 50 day moving average price is $47.02 and its 200-day moving average price is $44.05. JPMorgan U.S. Value Factor ETF has a 52 week low of $35.62 and a 52 week high of $48.42. The stock has a market cap of $556.22 million, a price-to-earnings ratio of 16.37 and a beta of 1.05.

JPMorgan U.S. Value Factor ETF Company 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.