JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 1-Year High – What’s Next?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.19 and last traded at $56.80, with a volume of 24120 shares traded. The stock had previously closed at $56.87.

JPMorgan U.S. Value Factor ETF Stock Up 0.8%

The firm has a fifty day simple moving average of $52.66 and a 200-day simple moving average of $50.92. The company has a market capitalization of $782.68 million, a P/E ratio of 16.37 and a beta of 0.95.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Large investors have recently modified their holdings of the business. Cobblestone Capital Advisors LLC NY increased its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock worth $57,310,000 after acquiring an additional 16,604 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of JPMorgan U.S. Value Factor ETF by 34.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock worth $21,582,000 after buying an additional 110,666 shares during the period. CWM LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 1.3% during the fourth quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after buying an additional 10,268 shares during the period. Avidian Wealth Enterprises LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 4.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after buying an additional 40,175 shares during the period. Finally, Auxano Advisors LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 10.0% during the third quarter. Auxano Advisors LLC now owns 5,635 shares of the company’s stock worth $268,000 after buying an additional 514 shares during the period.

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.