JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 52-Week High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high on Wednesday. The stock traded as high as $85.10 and last traded at $84.8990, with a volume of 35,144 shares trading hands. The stock had previously closed at $83.31.

JPMorgan Active Value ETF Trading Down 0.2%

The company’s fifty day moving average is $81.93 and its 200-day moving average is $78.32. The firm has a market capitalization of $7.41 billion, a P/E ratio of -91.06 and a beta of 0.77.

Institutional Trading of JPMorgan Active Value ETF

A number of hedge funds have recently modified their holdings of JAVA. Cetera Investment Advisers grew its position in JPMorgan Active Value ETF by 29.1% in the first quarter. Cetera Investment Advisers now owns 1,788,286 shares of the company’s stock valued at $128,310,000 after purchasing an additional 403,101 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of JPMorgan Active Value ETF by 117.0% during the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock worth $127,119,000 after buying an additional 955,074 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of JPMorgan Active Value ETF during the 2nd quarter worth about $115,836,000. Royal Bank of Canada grew its holdings in shares of JPMorgan Active Value ETF by 83.6% in the 1st quarter. Royal Bank of Canada now owns 1,200,108 shares of the company’s stock valued at $86,107,000 after acquiring an additional 546,593 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of JPMorgan Active Value ETF by 4.8% in the third quarter. Avior Wealth Management LLC now owns 1,002,489 shares of the company’s stock valued at $79,918,000 after acquiring an additional 46,304 shares during the last quarter. Institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.