JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 1-Year High – What’s Next?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $81.20 and last traded at $81.10, with a volume of 12136 shares traded. The stock had previously closed at $80.51.

JPMorgan Active Value ETF Price Performance

The company’s 50-day simple moving average is $78.86 and its 200 day simple moving average is $76.05. The firm has a market cap of $6.87 billion, a P/E ratio of -89.43 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in JPMorgan Active Value ETF by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after purchasing an additional 4,437,690 shares during the period. LPL Financial LLC lifted its holdings in shares of JPMorgan Active Value ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock worth $449,158,000 after buying an additional 531,461 shares during the period. Dynasty Wealth Management LLC increased its position in JPMorgan Active Value ETF by 27.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after purchasing an additional 1,014,584 shares during the period. Ameriprise Financial Inc. increased its holdings in JPMorgan Active Value ETF by 3.3% during the third quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after buying an additional 81,880 shares during the period. Finally, Morgan Stanley raised its position in shares of JPMorgan Active Value ETF by 9.9% in the 4th quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock worth $128,602,000 after acquiring an additional 161,648 shares in 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.