JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $53.76 and last traded at $53.67, with a volume of 17220 shares traded. The stock had previously closed at $53.20.

JPMorgan U.S. Value Factor ETF Trading Up 0.2%

The firm has a market cap of $733.99 million, a PE ratio of 16.37 and a beta of 0.95. The company has a 50 day moving average price of $50.75 and a 200 day moving average price of $49.90.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in JPMorgan U.S. Value Factor ETF during the first quarter worth about $140,000. Kestra Advisory Services LLC raised its stake in JPMorgan U.S. Value Factor ETF by 31.8% during the first quarter. Kestra Advisory Services LLC now owns 7,266 shares of the company’s stock worth $355,000 after acquiring an additional 1,752 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in JPMorgan U.S. Value Factor ETF during the first quarter worth about $37,000. Private Advisor Group LLC raised its stake in JPMorgan U.S. Value Factor ETF by 252.7% during the first quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after acquiring an additional 34,853 shares during the period. Finally, Blue Trust Inc. raised its stake in JPMorgan U.S. Value Factor ETF by 62.3% during the first quarter. Blue Trust Inc. now owns 36,590 shares of the company’s stock worth $1,788,000 after acquiring an additional 14,049 shares during the period.

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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.