LPL Financial LLC Grows Stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

LPL Financial LLC lifted its stake in shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 854,763 shares of the company’s stock after purchasing an additional 2,125 shares during the period. LPL Financial LLC owned 4.31% of JPMorgan US Value Factor ETF worth $34,934,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Confluence Wealth Services Inc. increased its stake in shares of JPMorgan US Value Factor ETF by 0.5% in the second quarter. Confluence Wealth Services Inc. now owns 52,384 shares of the company’s stock worth $2,141,000 after purchasing an additional 267 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of JPMorgan US Value Factor ETF by 0.3% in the second quarter. Kathmere Capital Management LLC now owns 111,257 shares of the company’s stock worth $4,292,000 after acquiring an additional 318 shares during the period. Comerica Bank raised its stake in shares of JPMorgan US Value Factor ETF by 4.6% during the 1st quarter. Comerica Bank now owns 8,509 shares of the company’s stock valued at $354,000 after purchasing an additional 372 shares during the period. Spire Wealth Management lifted its holdings in JPMorgan US Value Factor ETF by 7.0% during the 2nd quarter. Spire Wealth Management now owns 9,287 shares of the company’s stock worth $380,000 after purchasing an additional 608 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its stake in JPMorgan US Value Factor ETF by 3.1% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 23,988 shares of the company’s stock worth $980,000 after purchasing an additional 722 shares during the period.

JPMorgan US Value Factor ETF Stock Up 0.5 %

Shares of JVAL opened at $42.78 on Tuesday. JPMorgan US Value Factor ETF has a twelve month low of $32.76 and a twelve month high of $43.20. The stock has a market cap of $849.18 million, a PE ratio of 15.29 and a beta of 0.99. The business’s 50-day moving average price is $41.82 and its 200-day moving average price is $41.04.

JPMorgan US Value Factor ETF Profile

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.