JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 52-Week High – Should You Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $75.63 and last traded at $74.6560, with a volume of 59060 shares. The stock had previously closed at $74.94.

JPMorgan Active Value ETF Stock Performance

The company has a market capitalization of $5.61 billion, a P/E ratio of -82.38 and a beta of 0.81. The company’s fifty day simple moving average is $72.81 and its 200-day simple moving average is $69.68.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAVA. Gill Capital Partners LLC boosted its holdings in JPMorgan Active Value ETF by 13.8% in the third quarter. Gill Capital Partners LLC now owns 147,320 shares of the company’s stock valued at $10,159,000 after purchasing an additional 17,813 shares during the last quarter. Americana Partners LLC boosted its stake in JPMorgan Active Value ETF by 1.6% during the 3rd quarter. Americana Partners LLC now owns 546,561 shares of the company’s stock worth $37,691,000 after purchasing an additional 8,718 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of JPMorgan Active Value ETF by 29.8% in the third quarter. Perigon Wealth Management LLC now owns 77,872 shares of the company’s stock valued at $5,370,000 after purchasing an additional 17,861 shares during the last quarter. Ascent Group LLC raised its stake in JPMorgan Active Value ETF by 122.6% during the third quarter. Ascent Group LLC now owns 47,740 shares of the company’s stock worth $3,292,000 after purchasing an additional 26,290 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of JPMorgan Active Value ETF by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,192,349 shares of the company’s stock worth $78,099,000 after purchasing an additional 66,558 shares during the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.

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.