Elevation Point Wealth Partners LLC Makes New Investment in JPMorgan Active Value ETF $JAVA

Elevation Point Wealth Partners LLC bought a new position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 495,706 shares of the company’s stock, valued at approximately $35,567,000. JPMorgan Active Value ETF comprises 0.8% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 17th largest position. Elevation Point Wealth Partners LLC owned 0.59% of JPMorgan Active Value ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in JPMorgan Active Value ETF by 27.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after buying an additional 4,437,690 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new position in shares of JPMorgan Active Value ETF in the fourth quarter worth about $116,506,000. Dynasty Wealth Management LLC raised its stake in shares of JPMorgan Active Value ETF by 27.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after acquiring an additional 1,014,584 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Active Value ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock worth $449,158,000 after acquiring an additional 531,461 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in shares of JPMorgan Active Value ETF by 9.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 4,199,747 shares of the company’s stock worth $301,206,000 after purchasing an additional 355,013 shares in the last quarter. 43.07% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Active Value ETF Trading Up 0.4%

Shares of JAVA stock opened at $80.18 on Friday. JPMorgan Active Value ETF has a 1 year low of $64.40 and a 1 year high of $80.47. The firm’s 50 day moving average is $77.40 and its 200-day moving average is $75.10. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of -88.11 and a beta of 0.78.

JPMorgan Active Value ETF 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.