Sagespring Wealth Partners LLC Trims Stock Position in JPMorgan U.S. Value Factor ETF $JVAL

Sagespring Wealth Partners LLC lowered its holdings in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,433 shares of the company’s stock after selling 766 shares during the quarter. Sagespring Wealth Partners LLC owned approximately 0.27% of JPMorgan U.S. Value Factor ETF worth $1,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,485 shares of the company’s stock valued at $1,263,000 after purchasing an additional 2,897 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 14.6% during the 1st quarter. Perigon Wealth Management LLC now owns 7,152 shares of the company’s stock valued at $296,000 after purchasing an additional 913 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 98.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,558 shares of the company’s stock valued at $69,000 after purchasing an additional 772 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 8.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,275 shares of the company’s stock valued at $508,000 after purchasing an additional 946 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of JPMorgan U.S. Value Factor ETF by 14.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,020 shares of the company’s stock valued at $498,000 after purchasing an additional 1,547 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Trading Up 0.6%

JPMorgan U.S. Value Factor ETF stock opened at $47.38 on Wednesday. The firm has a 50 day moving average of $46.79 and a 200 day moving average of $43.82. The firm has a market capitalization of $551.98 million, a price-to-earnings ratio of 16.37 and a beta of 1.05. JPMorgan U.S. Value Factor ETF has a 12-month low of $35.62 and a 12-month high of $48.42.

About JPMorgan U.S. Value Factor ETF

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.