JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 33,318 shares, an increase of 14.7% from the February 12th total of 29,037 shares. Based on an average daily volume of 32,364 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 32,364 shares, the short-interest ratio is presently 1.0 days.
JPMorgan U.S. Value Factor ETF Trading Down 0.3%
JVAL traded down $0.14 during trading on Wednesday, reaching $49.57. The stock had a trading volume of 5,776 shares, compared to its average volume of 94,482. The stock’s 50 day moving average is $50.94 and its two-hundred day moving average is $49.14. The company has a market capitalization of $664.24 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. JPMorgan U.S. Value Factor ETF has a one year low of $35.62 and a one year high of $52.64.
Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Cobblestone Capital Advisors LLC NY increased its holdings in JPMorgan U.S. Value Factor ETF by 1.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock valued at $57,310,000 after buying an additional 16,604 shares during the last quarter. Captrust Financial Advisors grew its position in shares of JPMorgan U.S. Value Factor ETF by 23,712.7% during the 4th quarter. Captrust Financial Advisors now owns 1,184,445 shares of the company’s stock valued at $58,133,000 after acquiring an additional 1,179,471 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 4.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after purchasing an additional 40,175 shares during the period. CWM LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 1.3% in the 4th quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after purchasing an additional 10,268 shares during the period. Finally, Cerity Partners LLC lifted its position in JPMorgan U.S. Value Factor ETF by 1.5% during the second quarter. Cerity Partners LLC now owns 551,676 shares of the company’s stock valued at $24,401,000 after purchasing an additional 7,892 shares in 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.
Further Reading
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