JPMorgan Active Value ETF $JAVA Stock Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 919.4% in the third quarter, Holdings Channel reports. The firm owned 293,835 shares of the company’s stock after acquiring an additional 265,011 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Active Value ETF were worth $23,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC grew its holdings in JPMorgan Active Value ETF by 2.5% during the third quarter. Avaii Wealth Management LLC now owns 5,919 shares of the company’s stock valued at $475,000 after purchasing an additional 145 shares during the last quarter. Luts & Greenleigh Group Inc. lifted its stake in shares of JPMorgan Active Value ETF by 6.9% in the first quarter. Luts & Greenleigh Group Inc. now owns 3,871 shares of the company’s stock worth $278,000 after buying an additional 249 shares during the last quarter. Aegis Wealth Management Inc. lifted its stake in shares of JPMorgan Active Value ETF by 9.0% in the first quarter. Aegis Wealth Management Inc. now owns 3,126 shares of the company’s stock worth $224,000 after buying an additional 259 shares during the last quarter. Triumph Capital Management lifted its stake in shares of JPMorgan Active Value ETF by 11.2% in the third quarter. Triumph Capital Management now owns 2,806 shares of the company’s stock worth $224,000 after buying an additional 282 shares during the last quarter. Finally, Krilogy Financial LLC boosted its holdings in shares of JPMorgan Active Value ETF by 4.9% during the 3rd quarter. Krilogy Financial LLC now owns 14,328 shares of the company’s stock worth $1,173,000 after buying an additional 670 shares during the period. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Trading Down 0.1%

NYSEARCA JAVA opened at $82.00 on Friday. The company has a fifty day simple moving average of $81.99 and a 200 day simple moving average of $79.18. The company has a market cap of $7.47 billion, a P/E ratio of -90.11 and a beta of 0.78. JPMorgan Active Value ETF has a 1 year low of $67.77 and a 1 year high of $84.06.

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.