First Citizens Bank & Trust Co. Has $2.24 Million Position in JPMorgan U.S. Value Factor ETF $JVAL

First Citizens Bank & Trust Co. lessened its position in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,693 shares of the company’s stock after selling 7,017 shares during the period. First Citizens Bank & Trust Co. owned 0.43% of JPMorgan U.S. Value Factor ETF worth $2,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc acquired a new position in JPMorgan U.S. Value Factor ETF in the 2nd quarter worth about $27,000. Capital Analysts LLC increased its stake in shares of JPMorgan U.S. Value Factor ETF by 248.9% in the first quarter. Capital Analysts LLC now owns 949 shares of the company’s stock valued at $39,000 after buying an additional 677 shares during the period. Farther Finance Advisors LLC increased its stake in shares of JPMorgan U.S. Value Factor ETF by 98.2% in the second quarter. Farther Finance Advisors LLC now owns 1,558 shares of the company’s stock valued at $69,000 after buying an additional 772 shares during the period. Ascent Group LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the second quarter valued at about $200,000. Finally, Park Edge Advisors LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the second quarter valued at about $210,000.

JPMorgan U.S. Value Factor ETF Trading Up 0.7%

Shares of JVAL stock opened at $48.16 on Friday. The stock has a market cap of $558.66 million, a price-to-earnings ratio of 16.37 and a beta of 1.05. The stock has a 50-day moving average of $47.15 and a 200-day moving average of $44.18. JPMorgan U.S. Value Factor ETF has a 1-year low of $35.62 and a 1-year high of $48.42.

JPMorgan U.S. Value Factor ETF Company 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.