JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $60.02 and last traded at $59.98, with a volume of 56066 shares. The stock had previously closed at $59.74.
JPMorgan U.S. Value Factor ETF Stock Performance
The firm’s 50 day simple moving average is $58.02 and its 200-day simple moving average is $54.09. The company has a market capitalization of $863.97 million, a price-to-earnings ratio of 16.37 and a beta of 0.96.
Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF
Several large investors have recently made changes to their positions in JVAL. Western Wealth Management LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the first quarter valued at approximately $45,000. Bank of America Corp DE increased its stake in shares of JPMorgan U.S. Value Factor ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after purchasing an additional 21,394 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 71.8% during the 1st quarter. Royal Bank of Canada now owns 31,692 shares of the company’s stock valued at $1,549,000 after purchasing an additional 13,243 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 113.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 44,672 shares of the company’s stock valued at $2,183,000 after purchasing an additional 23,738 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 22.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,180 shares of the company’s stock valued at $155,000 after purchasing an additional 581 shares during the last quarter.
About JPMorgan U.S. Value Factor ETF
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.
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