Fortis Group Advisors LLC Takes $3.19 Million Position in JPMorgan Active Value ETF $JAVA

Fortis Group Advisors LLC acquired a new stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) in the 4th quarter, HoldingsChannel reports. The fund acquired 42,603 shares of the company’s stock, valued at approximately $3,194,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Active Value ETF by 15.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,963,524 shares of the company’s stock valued at $1,100,845,000 after buying an additional 2,098,043 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in shares of JPMorgan Active Value ETF by 9.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 4,199,747 shares of the company’s stock valued at $301,206,000 after buying an additional 355,013 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 3.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after buying an additional 81,880 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 1.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,223,471 shares of the company’s stock valued at $84,371,000 after buying an additional 20,278 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 0.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,035,606 shares of the company’s stock valued at $74,274,000 after buying an additional 6,654 shares during the period. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Up 0.8%

Shares of JAVA stock opened at $76.08 on Thursday. The stock has a market cap of $6.70 billion, a PE ratio of -83.60 and a beta of 0.79. The business has a 50-day simple moving average of $73.92 and a 200-day simple moving average of $73.34. JPMorgan Active Value ETF has a 52-week low of $61.76 and a 52-week high of $77.22.

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.