Convergence Financial LLC Increases Position in JPMorgan Active Value ETF $JAVA

Convergence Financial LLC lifted its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,032 shares of the company’s stock after buying an additional 26,976 shares during the period. JPMorgan Active Value ETF comprises 3.7% of Convergence Financial LLC’s holdings, making the stock its 6th largest position. Convergence Financial LLC’s holdings in JPMorgan Active Value ETF were worth $24,621,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Keyvantage Wealth LLC lifted its holdings in JPMorgan Active Value ETF by 1.7% during the third quarter. Keyvantage Wealth LLC now owns 205,114 shares of the company’s stock worth $14,145,000 after acquiring an additional 3,421 shares in the last quarter. Luts & Greenleigh Group Inc. bought a new position in shares of JPMorgan Active Value ETF during the 3rd quarter valued at about $200,000. Atticus Wealth Management LLC lifted its holdings in shares of JPMorgan Active Value ETF by 215.1% during the 3rd quarter. Atticus Wealth Management LLC now owns 6,954 shares of the company’s stock valued at $480,000 after purchasing an additional 4,747 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of JPMorgan Active Value ETF by 15.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,963,524 shares of the company’s stock valued at $1,100,845,000 after purchasing an additional 2,098,043 shares during the period. Finally, HighTower Advisors LLC increased its stake in JPMorgan Active Value ETF by 2.3% during the 3rd quarter. HighTower Advisors LLC now owns 65,242 shares of the company’s stock worth $4,499,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Performance

Shares of JAVA stock opened at $76.43 on Friday. JPMorgan Active Value ETF has a 52 week low of $55.51 and a 52 week high of $77.22. The company’s 50 day moving average price is $74.30 and its two-hundred day moving average price is $70.72. The company has a market capitalization of $5.80 billion, a P/E ratio of -83.99 and a beta of 0.81.

JPMorgan Active Value ETF Company 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.