Thurston Springer Miller Herd & Titak Inc. Sells 17,415 Shares of JPMorgan Active Value ETF $JAVA

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 86.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,840 shares of the company’s stock after selling 17,415 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in JPMorgan Active Value ETF were worth $226,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JAVA. Janney Montgomery Scott LLC acquired a new stake in JPMorgan Active Value ETF in the 2nd quarter worth approximately $115,836,000. Bank of America Corp DE increased its stake in JPMorgan Active Value ETF by 117.0% during the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock valued at $127,119,000 after purchasing an additional 955,074 shares in the last quarter. Royal Bank of Canada increased its stake in JPMorgan Active Value ETF by 83.6% during the 1st quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock valued at $86,107,000 after purchasing an additional 546,593 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in JPMorgan Active Value ETF during the 1st quarter valued at approximately $35,567,000. Finally, WNY Asset Management LLC purchased a new position in shares of JPMorgan Active Value ETF in the first quarter worth $32,592,000. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Trading Down 0.6%

Shares of NYSEARCA JAVA traded down $0.52 during midday trading on Wednesday, reaching $81.24. The company had a trading volume of 201,124 shares, compared to its average volume of 448,971. The business’s 50-day simple moving average is $82.07 and its 200 day simple moving average is $79.01. The stock has a market cap of $7.13 billion, a P/E ratio of -89.25 and a beta of 0.78. JPMorgan Active Value ETF has a 1 year low of $67.77 and a 1 year high of $84.06.

About JPMorgan Active Value ETF

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.