JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – What’s Next?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s share price reached a new 52-week high on Friday . The company traded as high as $78.63 and last traded at $78.60, with a volume of 22396 shares traded. The stock had previously closed at $78.06.

JPMorgan Active Value ETF Stock Performance

The business has a 50-day simple moving average of $75.89 and a two-hundred day simple moving average of $74.28. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -86.57 and a beta of 0.78.

Institutional Trading of JPMorgan Active Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Moneco Advisors LLC raised its stake in shares of JPMorgan Active Value ETF by 1.6% during the 4th quarter. Moneco Advisors LLC now owns 9,300 shares of the company’s stock worth $667,000 after buying an additional 143 shares in the last quarter. Private Trust Co. NA raised its stake in shares of JPMorgan Active Value ETF by 1.2% during the 4th quarter. Private Trust Co. NA now owns 12,634 shares of the company’s stock worth $906,000 after buying an additional 149 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of JPMorgan Active Value ETF by 2.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 8,062 shares of the company’s stock worth $556,000 after buying an additional 159 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of JPMorgan Active Value ETF by 8.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,219 shares of the company’s stock worth $165,000 after buying an additional 174 shares in the last quarter. Finally, Quotient Wealth Partners LLC raised its stake in shares of JPMorgan Active Value ETF by 0.8% during the 4th quarter. Quotient Wealth Partners LLC now owns 24,169 shares of the company’s stock worth $1,733,000 after buying an additional 198 shares in the last quarter. 43.07% of the stock is owned by institutional investors and hedge funds.

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.