Commonwealth Equity Services LLC Grows Position in JPMorgan Active Value ETF $JAVA

Commonwealth Equity Services LLC raised its stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 6.1% during the second quarter, HoldingsChannel reports. The firm owned 1,025,317 shares of the company’s stock after purchasing an additional 59,135 shares during the quarter. Commonwealth Equity Services LLC’s holdings in JPMorgan Active Value ETF were worth $67,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in JAVA. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Active Value ETF by 31.3% during the first quarter. JPMorgan Chase & Co. now owns 13,430,674 shares of the company’s stock valued at $853,385,000 after buying an additional 3,199,399 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in JPMorgan Active Value ETF in the 1st quarter worth $196,695,000. LPL Financial LLC lifted its position in JPMorgan Active Value ETF by 37.0% during the 1st quarter. LPL Financial LLC now owns 3,877,878 shares of the company’s stock worth $246,400,000 after acquiring an additional 1,046,448 shares during the period. Envestnet Asset Management Inc. grew its stake in JPMorgan Active Value ETF by 465.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,189,600 shares of the company’s stock valued at $75,587,000 after purchasing an additional 979,103 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in JPMorgan Active Value ETF by 1,071.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,032,555 shares of the company’s stock valued at $65,609,000 after purchasing an additional 944,384 shares during the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Performance

Shares of JAVA stock opened at $69.07 on Friday. JPMorgan Active Value ETF has a fifty-two week low of $55.51 and a fifty-two week high of $70.28. The firm has a market capitalization of $4.29 billion, a PE ratio of -75.90 and a beta of 0.81. The stock’s 50-day simple moving average is $68.76 and its 200-day simple moving average is $66.06.

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.