JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Large Volume Increase – Here’s Why

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) shares saw strong trading volume on Thursday . 240,097 shares were traded during trading, an increase of 157% from the previous session’s volume of 93,322 shares.The stock last traded at $49.03 and had previously closed at $49.16.

JPMorgan U.S. Value Factor ETF Price Performance

The stock has a market capitalization of $655.66 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. The stock has a 50 day moving average price of $50.92 and a 200-day moving average price of $49.14.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

A number of large investors have recently modified their holdings of JVAL. Realta Investment Advisors acquired a new position in JPMorgan U.S. Value Factor ETF during the fourth quarter worth about $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the 2nd quarter valued at about $35,000. IFP Advisors Inc lifted its stake in JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after purchasing an additional 214 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the 4th quarter worth approximately $44,000. Finally, Assetmark Inc. boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% during the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after purchasing an additional 927 shares during the last quarter.

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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.