JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 52-Week High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $80.45 and last traded at $80.44, with a volume of 16418 shares changing hands. The stock had previously closed at $79.83.

JPMorgan Active Value ETF Price Performance

The company’s 50-day simple moving average is $77.50 and its 200-day simple moving average is $75.14. The stock has a market capitalization of $6.74 billion, a P/E ratio of -88.11 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in JPMorgan Active Value ETF by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after purchasing an additional 4,437,690 shares during the period. OpenArc Corporate Advisory LLC bought a new stake in JPMorgan Active Value ETF in the fourth quarter valued at approximately $116,506,000. Dynasty Wealth Management LLC lifted its position 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 valued at $342,568,000 after buying an additional 1,014,584 shares during the last quarter. Bank of America Corp DE lifted its position in shares of JPMorgan Active Value ETF by 117.0% in the first quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock valued at $127,119,000 after buying an additional 955,074 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of JPMorgan Active Value ETF by 83.6% during the 1st quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock worth $86,107,000 after acquiring an additional 546,593 shares during the period. 43.07% of the stock is currently owned by institutional investors and hedge funds.

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.