JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 52-Week High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $75.63 and last traded at $74.6560, with a volume of 59060 shares changing hands. The stock had previously closed at $74.94.

JPMorgan Active Value ETF Stock Up 0.0%

The stock has a market cap of $5.54 billion, a PE ratio of -82.37 and a beta of 0.81. The firm has a fifty day moving average of $72.54 and a 200 day moving average of $69.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JAVA. Gill Capital Partners LLC boosted its position in JPMorgan Active Value ETF by 13.8% during the third quarter. Gill Capital Partners LLC now owns 147,320 shares of the company’s stock worth $10,159,000 after acquiring an additional 17,813 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of JPMorgan Active Value ETF by 1.6% during the third quarter. Americana Partners LLC now owns 546,561 shares of the company’s stock worth $37,691,000 after purchasing an additional 8,718 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of JPMorgan Active Value ETF by 29.8% in the third quarter. Perigon Wealth Management LLC now owns 77,872 shares of the company’s stock valued at $5,370,000 after purchasing an additional 17,861 shares during the period. Ascent Group LLC increased its stake in JPMorgan Active Value ETF by 122.6% in the third quarter. Ascent Group LLC now owns 47,740 shares of the company’s stock valued at $3,292,000 after purchasing an additional 26,290 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in JPMorgan Active Value ETF by 5.9% during the second quarter. Cetera Investment Advisers now owns 1,192,349 shares of the company’s stock worth $78,099,000 after buying an additional 66,558 shares during the period. Hedge funds and other institutional investors own 43.07% of the company’s stock.

About JPMorgan Active Value ETF

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.