JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw unusually-high trading volume on Wednesday . Approximately 284,494 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 95,480 shares.The stock last traded at $38.05 and had previously closed at $38.57.

JPMorgan US Value Factor ETF Stock Down 1.3 %

The company has a market cap of $603.09 million, a P/E ratio of 15.63 and a beta of 1.00. The business’s 50 day moving average is $41.94 and its 200 day moving average is $43.41.

Hedge Funds Weigh In On JPMorgan US Value Factor ETF

Several hedge funds have recently modified their holdings of the stock. Defined Financial Planning LLC lifted its holdings in shares of JPMorgan US Value Factor ETF by 201.0% during the first quarter. Defined Financial Planning LLC now owns 141,075 shares of the company’s stock worth $5,841,000 after purchasing an additional 94,206 shares during the period. Mainsail Financial Group LLC lifted its stake in JPMorgan US Value Factor ETF by 19.2% in the 1st quarter. Mainsail Financial Group LLC now owns 363,657 shares of the company’s stock valued at $15,063,000 after buying an additional 58,478 shares in the last quarter. Columbia Advisory Partners LLC boosted its stake in shares of JPMorgan US Value Factor ETF by 17.8% in the first quarter. Columbia Advisory Partners LLC now owns 140,501 shares of the company’s stock worth $5,820,000 after acquiring an additional 21,276 shares during the last quarter. Daymark Wealth Partners LLC lifted its holdings in JPMorgan US Value Factor ETF by 5.7% in the 1st quarter. Daymark Wealth Partners LLC now owns 30,325 shares of the company’s stock valued at $1,256,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new position in JPMorgan US Value Factor ETF during the first quarter worth about $456,000.

JPMorgan US 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.