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

Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) reached a new 52-week high during trading on Tuesday . The company traded as high as $77.36 and last traded at $77.36, with a volume of 15035 shares. The stock had previously closed at $76.69.

JPMorgan Active Value ETF Stock Performance

The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of -85.21 and a beta of 0.79. The business has a fifty day moving average price of $74.39 and a 200 day moving average price of $73.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BCGM Wealth Management LLC lifted its holdings in shares of JPMorgan Active Value ETF by 5.2% in the third quarter. BCGM Wealth Management LLC now owns 157,291 shares of the company’s stock valued at $10,847,000 after purchasing an additional 7,742 shares in the last quarter. Arlington Financial Advisors LLC lifted its holdings in shares of JPMorgan Active Value ETF by 3.0% in the fourth quarter. Arlington Financial Advisors LLC now owns 362,453 shares of the company’s stock valued at $25,995,000 after purchasing an additional 10,481 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of JPMorgan Active Value ETF by 4.4% in the fourth quarter. FSM Wealth Advisors LLC now owns 471,363 shares of the company’s stock valued at $33,806,000 after purchasing an additional 19,662 shares in the last quarter. Steph & Co. lifted its holdings in shares of JPMorgan Active Value ETF by 9.4% in the fourth quarter. Steph & Co. now owns 822,317 shares of the company’s stock valued at $58,977,000 after purchasing an additional 70,458 shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of JPMorgan Active Value ETF in the fourth quarter valued at $14,344,000. 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.