Arkadios Wealth Advisors Invests $658,000 in JPMorgan U.S. Value Factor ETF $JVAL

Arkadios Wealth Advisors purchased a new stake in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) in the third quarter, HoldingsChannel reports. The firm purchased 13,848 shares of the company’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JVAL. Avidian Wealth Enterprises LLC grew its holdings in JPMorgan U.S. Value Factor ETF by 81.5% during the second quarter. Avidian Wealth Enterprises LLC now owns 961,736 shares of the company’s stock valued at $42,538,000 after purchasing an additional 431,743 shares during the period. JPMorgan Chase & Co. raised its holdings in JPMorgan U.S. Value Factor ETF by 42.9% in the second quarter. JPMorgan Chase & Co. now owns 401,083 shares of the company’s stock worth $17,740,000 after purchasing an additional 120,399 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 45.5% during the second quarter. Orion Porfolio Solutions LLC now owns 252,941 shares of the company’s stock worth $11,188,000 after purchasing an additional 79,067 shares in the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan U.S. Value Factor ETF by 9.1% during the second quarter. Bank of America Corp DE now owns 496,878 shares of the company’s stock worth $21,977,000 after purchasing an additional 41,401 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 22.2% in the 2nd quarter. Osaic Holdings Inc. now owns 188,691 shares of the company’s stock valued at $8,346,000 after buying an additional 34,296 shares during the period.

JPMorgan U.S. Value Factor ETF Stock Up 0.4%

JVAL opened at $51.03 on Tuesday. The stock has a market cap of $650.63 million, a P/E ratio of 16.37 and a beta of 1.00. JPMorgan U.S. Value Factor ETF has a 12 month low of $35.62 and a 12 month high of $51.47. The company has a fifty day simple moving average of $49.52 and a 200 day simple moving average of $47.73.

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.