JPMorgan Active Value ETF $JAVA Shares Sold by MLG Wealth Management DBA Pine Grove Financial Group

MLG Wealth Management DBA Pine Grove Financial Group trimmed its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,932 shares of the company’s stock after selling 7,352 shares during the period. JPMorgan Active Value ETF makes up about 1.1% of MLG Wealth Management DBA Pine Grove Financial Group’s portfolio, making the stock its 28th largest holding. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in JPMorgan Active Value ETF were worth $10,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of 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 worth $1,463,175,000 after buying an additional 4,437,690 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new position in JPMorgan Active Value ETF during the fourth quarter valued at about $116,506,000. Janney Montgomery Scott LLC acquired a new position in JPMorgan Active Value ETF during the second quarter worth about $115,836,000. Dynasty Wealth Management LLC grew its holdings in JPMorgan Active Value ETF by 27.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after acquiring an additional 1,014,584 shares during the period. Finally, Bank of America Corp DE raised its position in JPMorgan Active Value ETF by 117.0% in the first quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock worth $127,119,000 after acquiring an additional 955,074 shares in the last quarter. 43.07% of the stock is owned by institutional investors.

JPMorgan Active Value ETF Stock Performance

Shares of NYSEARCA JAVA opened at $82.84 on Tuesday. JPMorgan Active Value ETF has a twelve month low of $67.14 and a twelve month high of $84.06. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -91.03 and a beta of 0.77. The firm has a 50-day moving average of $81.77 and a two-hundred day moving average of $77.66.

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.