JPMorgan US Value Factor ETF (NYSEARCA:JVAL – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 284,494 shares changed hands during trading, an increase of 198% from the previous session’s volume of 95,480 shares.The stock last traded at $38.05 and had previously closed at $38.57.
JPMorgan US Value Factor ETF Trading Up 0.2 %
The company’s 50 day moving average is $41.69 and its 200-day moving average is $43.34. The stock has a market cap of $604.04 million, a PE ratio of 15.63 and a beta of 1.00.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in JVAL. Truist Financial Corp grew its holdings in shares of JPMorgan US Value Factor ETF by 4.6% during the fourth quarter. Truist Financial Corp now owns 13,366 shares of the company’s stock valued at $577,000 after purchasing an additional 587 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan US Value Factor ETF in the fourth quarter valued at approximately $5,855,000. JPMorgan Chase & Co. increased its stake in shares of JPMorgan US Value Factor ETF by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 265,189 shares of the company’s stock valued at $11,456,000 after acquiring an additional 9,493 shares during the period. Miracle Mile Advisors LLC raised its holdings in JPMorgan US Value Factor ETF by 17.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 11,969 shares of the company’s stock worth $517,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in JPMorgan US Value Factor ETF by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 215,070 shares of the company’s stock worth $9,756,000 after purchasing an additional 1,326 shares during the period.
About JPMorgan US 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.
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