JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $58.76 and traded as high as $59.24. JPMorgan U.S. Value Factor ETF shares last traded at $59.13, with a volume of 52,864 shares.
JPMorgan U.S. Value Factor ETF Trading Up 1.3%
The business has a 50-day moving average price of $58.76 and a 200 day moving average price of $55.74. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 17.74 and a beta of 0.97.
Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF
Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF in the 1st quarter valued at $45,000. IFP Advisors Inc increased its stake in JPMorgan U.S. Value Factor ETF by 26.0% in the 3rd quarter. IFP Advisors Inc now owns 1,077 shares of the company’s stock worth $62,000 after purchasing an additional 222 shares in the last quarter. Russell Investments Group Ltd. increased its stake in JPMorgan U.S. Value Factor ETF by 22,340.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,244 shares of the company’s stock worth $130,000 after purchasing an additional 2,234 shares in the last quarter. GK Wealth Management LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter worth about $159,000. Finally, Fifth Third Bancorp purchased a new position in JPMorgan U.S. Value Factor ETF in the 1st quarter worth about $140,000.
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.
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