JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sets New 52-Week High – Still a Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.10 and last traded at $51.0310, with a volume of 1880 shares changing hands. The stock had previously closed at $50.73.

JPMorgan U.S. Value Factor ETF Stock Up 1.0%

The stock has a market cap of $671.11 million, a P/E ratio of 16.37 and a beta of 1.00. The firm’s 50-day moving average is $49.02 and its two-hundred day moving average is $47.39.

Institutional Trading of JPMorgan U.S. Value Factor ETF

Several large investors have recently made changes to their positions in JVAL. Avidian Wealth Enterprises LLC increased its holdings in shares of JPMorgan U.S. Value Factor ETF by 81.5% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 961,736 shares of the company’s stock valued at $42,538,000 after acquiring an additional 431,743 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in JPMorgan U.S. Value Factor ETF during the third quarter worth approximately $15,458,000. JPMorgan Chase & Co. grew its holdings in JPMorgan U.S. Value Factor ETF by 42.9% during the second quarter. JPMorgan Chase & Co. now owns 401,083 shares of the company’s stock valued at $17,740,000 after purchasing an additional 120,399 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of JPMorgan U.S. Value Factor ETF by 45.5% in the second quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock valued at $11,188,000 after purchasing an additional 79,067 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 902.8% in the third quarter. Susquehanna International Group LLP now owns 80,866 shares of the company’s stock worth $3,841,000 after buying an additional 72,802 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.