JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw unusually-high trading volume on Thursday . Approximately 281,406 shares were traded during mid-day trading, an increase of 274% from the previous session’s volume of 75,154 shares.The stock last traded at $55.13 and had previously closed at $55.04.

JPMorgan U.S. Value Factor ETF Price Performance

The stock has a market capitalization of $762.28 million, a P/E ratio of 16.37 and a beta of 0.95. The firm has a 50-day simple moving average of $51.90 and a 200 day simple moving average of $50.60.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cobblestone Capital Advisors LLC NY boosted its holdings in JPMorgan U.S. Value Factor ETF by 1.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock worth $57,310,000 after acquiring an additional 16,604 shares in the last quarter. Arkadios Wealth Advisors bought a new position in JPMorgan U.S. Value Factor ETF in the third quarter worth approximately $658,000. Thrivent Financial for Lutherans boosted its holdings in JPMorgan U.S. Value Factor ETF by 34.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock worth $21,582,000 after acquiring an additional 110,666 shares in the last quarter. CWM LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 1.3% in the fourth quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after acquiring an additional 10,268 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 4.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after acquiring an additional 40,175 shares in 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.