JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 1-Year High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.54 and last traded at $74.45, with a volume of 205638 shares changing hands. The stock had previously closed at $74.44.

JPMorgan Active Value ETF Stock Up 0.0%

The firm has a market cap of $5.43 billion, a price-to-earnings ratio of -81.81 and a beta of 0.81. The company’s 50-day moving average price is $71.29 and its 200-day moving average price is $68.89.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of JPMorgan Active Value ETF in the third quarter worth approximately $33,000. Total Investment Management Inc. acquired a new stake in JPMorgan Active Value ETF during the 2nd quarter worth $40,000. Ameritas Advisory Services LLC purchased a new stake in shares of JPMorgan Active Value ETF during the second quarter worth $48,000. Bank of Montreal Can raised its position in shares of JPMorgan Active Value ETF by 211.0% in the second quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $48,000 after buying an additional 500 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of JPMorgan Active Value ETF in the third quarter valued at about $56,000. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company 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.