JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 1-Year High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $81.01 and last traded at $80.95, with a volume of 71526 shares trading hands. The stock had previously closed at $80.51.

JPMorgan Active Value ETF Stock Up 0.3%

The business has a 50 day simple moving average of $78.23 and a 200 day simple moving average of $75.63. The company has a market capitalization of $6.81 billion, a PE ratio of -88.74 and a beta of 0.78.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Active Value ETF by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after buying an additional 4,437,690 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of JPMorgan Active Value ETF during the fourth quarter valued at $116,506,000. Dynasty Wealth Management LLC increased its position in shares of 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. Bank of America Corp DE increased its position in shares of JPMorgan Active Value ETF by 117.0% in the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock valued at $127,119,000 after acquiring an additional 955,074 shares during the period. Finally, Royal Bank of Canada raised its stake in JPMorgan Active Value ETF by 83.6% in the 1st quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock worth $86,107,000 after acquiring an additional 546,593 shares during the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company Profile

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.