GGM Financials LLC Reduces Position in JPMorgan Active Value ETF $JAVA

GGM Financials LLC lessened its stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,736 shares of the company’s stock after selling 280 shares during the quarter. JPMorgan Active Value ETF makes up approximately 1.1% of GGM Financials LLC’s holdings, making the stock its 24th biggest holding. GGM Financials LLC owned about 0.15% of JPMorgan Active Value ETF worth $5,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JAVA. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Active Value ETF by 31.3% in the 1st quarter. JPMorgan Chase & Co. now owns 13,430,674 shares of the company’s stock valued at $853,385,000 after purchasing an additional 3,199,399 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of JPMorgan Active Value ETF in the 1st quarter valued at about $196,695,000. LPL Financial LLC raised its stake in shares of JPMorgan Active Value ETF by 37.0% in the 1st quarter. LPL Financial LLC now owns 3,877,878 shares of the company’s stock valued at $246,400,000 after purchasing an additional 1,046,448 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Active Value ETF by 465.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,189,600 shares of the company’s stock valued at $75,587,000 after purchasing an additional 979,103 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of JPMorgan Active Value ETF by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,032,555 shares of the company’s stock valued at $65,609,000 after purchasing an additional 944,384 shares in the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Performance

Shares of JPMorgan Active Value ETF stock opened at $70.11 on Tuesday. The firm has a market cap of $4.31 billion, a PE ratio of -77.04 and a beta of 0.81. The firm’s 50-day simple moving average is $68.48 and its 200-day simple moving average is $65.56. JPMorgan Active Value ETF has a 1 year low of $55.51 and a 1 year high of $70.28.

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.