JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 1-Year High – Time to Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) shares hit a new 52-week high on Friday . The company traded as high as $55.70 and last traded at $55.70, with a volume of 301 shares changing hands. The stock had previously closed at $55.04.

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

The stock’s fifty day moving average price is $51.78 and its two-hundred day moving average price is $50.56. The firm has a market capitalization of $761.33 million, a price-to-earnings ratio of 16.37 and a beta of 0.95.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.4% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock valued at $57,310,000 after purchasing an additional 16,604 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at $658,000. Thrivent Financial for Lutherans raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 34.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock valued at $21,582,000 after purchasing an additional 110,666 shares in the last quarter. CWM LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.3% in the 4th quarter. CWM LLC now owns 797,213 shares of the company’s stock valued at $39,127,000 after purchasing an additional 10,268 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 4.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock valued at $50,864,000 after buying an additional 40,175 shares during the last quarter.

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.