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 an uptick in trading volume on Wednesday . 304,092 shares traded hands during trading, an increase of 328% from the previous session’s volume of 71,091 shares.The stock last traded at $58.51 and had previously closed at $58.64.

JPMorgan U.S. Value Factor ETF Stock Down 0.4%

The stock has a market cap of $794.10 million, a price-to-earnings ratio of 16.37 and a beta of 0.96. The stock’s fifty day moving average is $56.17 and its 200-day moving average is $52.44.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in JVAL. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan U.S. Value Factor ETF by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,835 shares of the company’s stock worth $5,145,000 after buying an additional 23,903 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of 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 valued at $21,582,000 after buying an additional 110,666 shares during the period. CWM LLC boosted its holdings in shares of 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 valued at $39,127,000 after buying an additional 10,268 shares during the period. Goodman Advisory Group LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF during the fourth quarter worth $19,545,000. Finally, Avidian Wealth Enterprises LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 4.0% during 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.