JPMorgan Chase & Co. Purchases 120,399 Shares of JPMorgan U.S. Value Factor ETF $JVAL

JPMorgan Chase & Co. lifted its holdings in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 42.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 401,083 shares of the company’s stock after buying an additional 120,399 shares during the period. JPMorgan Chase & Co.’s holdings in JPMorgan U.S. Value Factor ETF were worth $17,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Barnes Wealth Management Group Inc increased its holdings in JPMorgan U.S. Value Factor ETF by 3.2% during the first quarter. Barnes Wealth Management Group Inc now owns 8,360 shares of the company’s stock valued at $346,000 after buying an additional 262 shares during the last quarter. Alesco Advisors LLC boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 3.5% during the 2nd quarter. Alesco Advisors LLC now owns 8,975 shares of the company’s stock worth $397,000 after acquiring an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan U.S. Value Factor ETF by 0.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 74,046 shares of the company’s stock valued at $3,067,000 after acquiring an additional 341 shares during the period. IFP Advisors Inc bought a new stake in shares of JPMorgan U.S. Value Factor ETF during the 2nd quarter valued at $27,000. Finally, Fifth Third Securities Inc. increased its stake in shares of JPMorgan U.S. Value Factor ETF by 1.3% in the 2nd quarter. Fifth Third Securities Inc. now owns 50,002 shares of the company’s stock worth $2,212,000 after purchasing an additional 628 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JPMorgan U.S. Value Factor ETF stock opened at $49.51 on Friday. The stock has a market cap of $569.37 million, a P/E ratio of 16.37 and a beta of 1.00. The stock’s fifty day moving average is $47.90 and its 200 day moving average is $45.99. JPMorgan U.S. Value Factor ETF has a one year low of $35.62 and a one year high of $49.66.

JPMorgan U.S. Value Factor ETF 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.