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

JPMorgan Active Value ETF (NYSEARCA:JAVA) hit a new 52-week high on Tuesday . The company traded as high as $77.36 and last traded at $77.36, with a volume of 15035 shares traded. The stock had previously closed at $76.69.

JPMorgan Active Value ETF Price Performance

The business has a 50-day simple moving average of $74.17 and a two-hundred day simple moving average of $73.49. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -84.87 and a beta of 0.79.

Institutional Investors Weigh In On JPMorgan Active Value ETF

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in JPMorgan Active Value ETF by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after acquiring an additional 4,437,690 shares during the period. LPL Financial LLC raised its stake in JPMorgan Active Value ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock valued at $449,158,000 after acquiring an additional 531,461 shares during the period. Dynasty Wealth Management LLC raised its stake in JPMorgan Active Value ETF by 27.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after acquiring an additional 1,014,584 shares during the period. Sagespring Wealth Partners LLC raised its stake in JPMorgan Active Value ETF by 9.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 4,199,747 shares of the company’s stock valued at $301,206,000 after acquiring an additional 355,013 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in JPMorgan Active Value ETF by 3.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after acquiring an additional 81,880 shares during the period. 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.