JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – Time to Buy?

Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high on Tuesday . The company traded as high as $81.20 and last traded at $81.10, with a volume of 12136 shares traded. The stock had previously closed at $80.51.

JPMorgan Active Value ETF Stock Up 1.1%

The firm has a market capitalization of $6.87 billion, a PE ratio of -89.43 and a beta of 0.78. The firm’s fifty day simple moving average is $78.86 and its 200-day simple moving average is $76.05.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Active Value ETF by 27.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after buying an additional 4,437,690 shares during the period. LPL Financial LLC grew its stake in shares of JPMorgan Active Value ETF by 9.3% during the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock valued at $449,158,000 after acquiring an additional 531,461 shares during the period. Dynasty Wealth Management LLC increased its stake in shares of JPMorgan Active Value ETF by 27.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after purchasing an additional 1,014,584 shares in the last quarter. Ameriprise Financial Inc. increased its stake in JPMorgan Active Value ETF by 3.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock worth $174,520,000 after buying an additional 81,880 shares in the last quarter. Finally, Morgan Stanley raised its stake in JPMorgan Active Value ETF by 9.9% during the 4th quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock valued at $128,602,000 after purchasing an additional 161,648 shares during the period. Hedge funds and other institutional investors own 43.07% of the company’s stock.

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.