JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Large Volume Increase – Should You Buy?

Shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw an uptick in trading volume on Wednesday . Approximately 323,821 shares traded hands during mid-day trading, an increase of 365% from the previous session’s volume of 69,678 shares.The stock last traded at $59.25 and had previously closed at $58.94.

JPMorgan U.S. Value Factor ETF Stock Up 0.8%

The firm has a market cap of $865.41 million, a price-to-earnings ratio of 16.37 and a beta of 0.96. The stock’s 50 day moving average is $58.69 and its 200 day moving average is $55.16.

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

Several hedge funds have recently modified their holdings of the company. Affinity Wealth LLC lifted its holdings in shares of JPMorgan U.S. Value Factor ETF by 4.8% in the second quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock valued at $36,773,000 after buying an additional 28,767 shares during the period. Ameritas Advisory Services LLC bought a new stake in JPMorgan U.S. Value Factor ETF in the second quarter worth about $645,000. Kintra Wealth LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the 2nd quarter valued at about $217,000. Hopwood Nicholas Hunter acquired a new stake in JPMorgan U.S. Value Factor ETF in the 2nd quarter valued at about $241,000. Finally, Western Wealth Management LLC bought a new position in shares of JPMorgan U.S. Value Factor ETF during the 1st quarter valued at about $45,000.

About JPMorgan U.S. Value Factor ETF

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.