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

JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw an uptick in trading volume on Thursday . 308,768 shares changed hands during mid-day trading, an increase of 294% from the previous session’s volume of 78,331 shares.The stock last traded at $42.05 and had previously closed at $42.19.

JPMorgan US Value Factor ETF Stock Down 0.5 %

The firm has a 50-day simple moving average of $43.77 and a 200-day simple moving average of $43.82. The stock has a market cap of $684.05 million, a PE ratio of 17.43 and a beta of 1.06.

JPMorgan US Value Factor ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be issued a $0.1839 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of JPMorgan US Value Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its position in shares of JPMorgan US Value Factor ETF by 4.2% during the 4th quarter. Comerica Bank now owns 9,556 shares of the company’s stock valued at $413,000 after purchasing an additional 382 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan US Value Factor ETF by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,588 shares of the company’s stock worth $1,192,000 after acquiring an additional 445 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of JPMorgan US Value Factor ETF by 2.4% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 22,820 shares of the company’s stock worth $985,000 after acquiring an additional 537 shares during the last quarter. L & S Advisors Inc boosted its position in JPMorgan US Value Factor ETF by 3.7% during the fourth quarter. L & S Advisors Inc now owns 15,008 shares of the company’s stock valued at $648,000 after buying an additional 537 shares during the period. Finally, Truist Financial Corp grew its stake in shares of JPMorgan US Value Factor ETF by 4.6% during the fourth quarter. Truist Financial Corp now owns 13,366 shares of the company’s stock valued at $577,000 after buying an additional 587 shares during the last quarter.

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.