JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Hits New 1-Year High at $43.34

Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) hit a new 52-week high on Wednesday . The company traded as high as $43.34 and last traded at $43.11, with a volume of 41492 shares traded. The stock had previously closed at $42.85.

JPMorgan US Value Factor ETF Stock Down 0.1 %

The company has a market cap of $849.78 million, a P/E ratio of 15.29 and a beta of 0.99. The business has a fifty day moving average of $41.90 and a 200 day moving average of $41.08.

Hedge Funds Weigh In On JPMorgan US Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of JVAL. Retirement Planning Group LLC bought a new stake in JPMorgan US Value Factor ETF during the 2nd quarter valued at approximately $5,411,000. SVB Wealth LLC grew its stake in JPMorgan US Value Factor ETF by 40.2% in the first quarter. SVB Wealth LLC now owns 334,603 shares of the company’s stock worth $13,926,000 after purchasing an additional 95,932 shares during the period. Strategic Financial Concepts LLC bought a new position in JPMorgan US Value Factor ETF in the second quarter worth $34,000. SteelPeak Wealth LLC lifted its position in JPMorgan US Value Factor ETF by 293.7% during the second quarter. SteelPeak Wealth LLC now owns 78,099 shares of the company’s stock valued at $3,192,000 after buying an additional 58,261 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of JPMorgan US Value Factor ETF by 1.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,621,460 shares of the company’s stock valued at $188,879,000 after buying an additional 47,671 shares in the last quarter.

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.