JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Hits New 12-Month High – Here’s Why

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $48.96 and last traded at $48.8810, with a volume of 5443 shares. The stock had previously closed at $48.87.

JPMorgan U.S. Value Factor ETF Stock Performance

The stock’s 50 day moving average price is $47.74 and its 200 day moving average price is $45.81. The company has a market capitalization of $559.88 million, a P/E ratio of 16.37 and a beta of 1.00.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in JPMorgan U.S. Value Factor ETF by 7.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 21,139 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,488 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in JPMorgan U.S. Value Factor ETF during the third quarter worth about $1,004,000. Triumph Capital Management bought a new stake in JPMorgan U.S. Value Factor ETF in the 3rd quarter worth about $134,000. Susquehanna International Group LLP grew its position in JPMorgan U.S. Value Factor ETF by 902.8% in the 3rd quarter. Susquehanna International Group LLP now owns 80,866 shares of the company’s stock worth $3,841,000 after purchasing an additional 72,802 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan U.S. Value Factor ETF by 5.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 80,932 shares of the company’s stock valued at $3,844,000 after buying an additional 4,148 shares during the last quarter.

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.