JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – Here’s What Happened

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $77.06 and last traded at $76.6970, with a volume of 160100 shares. The stock had previously closed at $76.84.

JPMorgan Active Value ETF Stock Down 0.3%

The stock has a fifty day moving average of $73.47 and a 200-day moving average of $70.14. The stock has a market capitalization of $5.82 billion, a PE ratio of -84.19 and a beta of 0.81.

Institutional Trading of JPMorgan Active Value ETF

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in JPMorgan Active Value ETF by 15.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,963,524 shares of the company’s stock valued at $1,100,845,000 after buying an additional 2,098,043 shares during the period. Dynasty Wealth Management LLC boosted its holdings in JPMorgan Active Value ETF by 26.1% during the third quarter. Dynasty Wealth Management LLC now owns 3,761,884 shares of the company’s stock valued at $259,420,000 after purchasing an additional 778,258 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of JPMorgan Active Value ETF by 25.2% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 3,844,734 shares of the company’s stock valued at $265,133,000 after purchasing an additional 775,005 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of JPMorgan Active Value ETF by 115.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,155,023 shares of the company’s stock worth $75,654,000 after buying an additional 618,857 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of JPMorgan Active Value ETF by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,449,480 shares of the company’s stock worth $160,457,000 after buying an additional 286,808 shares during the period. Institutional investors and hedge funds 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.