Miracle Mile Advisors LLC Cuts Stock Position in JPMorgan Active Value ETF $JAVA

Miracle Mile Advisors LLC cut its holdings in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,870 shares of the company’s stock after selling 14,919 shares during the quarter. Miracle Mile Advisors LLC’s holdings in JPMorgan Active Value ETF were worth $5,784,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Active Value ETF by 440.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,533 shares of the company’s stock valued at $288,000 after buying an additional 3,694 shares during the period. Comerica Bank raised its position in JPMorgan Active Value ETF by 3.5% in the first quarter. Comerica Bank now owns 6,067 shares of the company’s stock worth $385,000 after acquiring an additional 203 shares during the period. Royal Bank of Canada boosted its stake in JPMorgan Active Value ETF by 72.7% in the first quarter. Royal Bank of Canada now owns 548,240 shares of the company’s stock valued at $34,835,000 after acquiring an additional 230,852 shares during the last quarter. NewEdge Advisors LLC boosted its stake in JPMorgan Active Value ETF by 1.7% in the first quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock valued at $933,000 after acquiring an additional 245 shares during the last quarter. Finally, Ascent Group LLC grew its position in shares of JPMorgan Active Value ETF by 39.6% during the 1st quarter. Ascent Group LLC now owns 20,492 shares of the company’s stock valued at $1,302,000 after acquiring an additional 5,814 shares during the period. 43.07% of the stock is currently owned by institutional investors.

JPMorgan Active Value ETF Stock Down 0.8%

Shares of JAVA stock opened at $71.72 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of -78.81 and a beta of 0.81. The company has a 50 day moving average of $70.69 and a 200-day moving average of $68.37. JPMorgan Active Value ETF has a 12-month low of $55.51 and a 12-month high of $72.90.

JPMorgan Active Value ETF 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.