Ascentis Independent Advisors Takes Position in JPMorgan Active Value ETF $JAVA

Ascentis Independent Advisors bought a new position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,398 shares of the company’s stock, valued at approximately $1,679,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JAVA. Arlington Financial Advisors LLC raised its stake in JPMorgan Active Value ETF by 3.0% in the fourth quarter. Arlington Financial Advisors LLC now owns 362,453 shares of the company’s stock valued at $25,995,000 after buying an additional 10,481 shares in the last quarter. BCGM Wealth Management LLC raised its stake in JPMorgan Active Value ETF by 33.7% during the 4th quarter. BCGM Wealth Management LLC now owns 210,296 shares of the company’s stock worth $15,082,000 after acquiring an additional 53,005 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in JPMorgan Active Value ETF in the fourth quarter valued at $3,194,000. Steph & Co. grew its holdings in shares of JPMorgan Active Value ETF by 9.4% during the fourth quarter. Steph & Co. now owns 822,317 shares of the company’s stock worth $58,977,000 after purchasing an additional 70,458 shares during the last quarter. Finally, Fagan Associates Inc. lifted its holdings in shares of JPMorgan Active Value ETF by 13.3% in the 3rd quarter. Fagan Associates Inc. now owns 60,948 shares of the company’s stock valued at $4,203,000 after purchasing an additional 7,141 shares during the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Up 0.5%

JAVA opened at $80.55 on Tuesday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -88.52 and a beta of 0.78. JPMorgan Active Value ETF has a 52 week low of $64.40 and a 52 week high of $80.65. The business’s 50 day moving average is $77.60 and its two-hundred day moving average is $75.22.

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.