JPMorgan Chase & Co. Sells 11,470 Shares of JPMorgan U.S. Value Factor ETF $JVAL

JPMorgan Chase & Co. trimmed its position in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 389,613 shares of the company’s stock after selling 11,470 shares during the period. JPMorgan Chase & Co. owned about 3.39% of JPMorgan U.S. Value Factor ETF worth $18,507,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JVAL. Royal Bank of Canada increased its position in shares of JPMorgan U.S. Value Factor ETF by 87.5% during the 1st quarter. Royal Bank of Canada now owns 9,777 shares of the company’s stock valued at $405,000 after purchasing an additional 4,562 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 17.9% in the first quarter. NewEdge Advisors LLC now owns 16,039 shares of the company’s stock worth $664,000 after buying an additional 2,430 shares during the last quarter. Jane Street Group LLC grew its position in JPMorgan U.S. Value Factor ETF by 66.3% during the first quarter. Jane Street Group LLC now owns 28,130 shares of the company’s stock valued at $1,165,000 after buying an additional 11,216 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan U.S. Value Factor ETF by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 76,784 shares of the company’s stock valued at $3,396,000 after buying an additional 2,738 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in JPMorgan U.S. Value Factor ETF during the second quarter valued at approximately $35,000.

JPMorgan U.S. Value Factor ETF Trading Up 0.5%

JVAL opened at $49.22 on Thursday. JPMorgan U.S. Value Factor ETF has a 1-year low of $35.62 and a 1-year high of $52.64. The company has a market capitalization of $659.55 million, a PE ratio of 16.37 and a beta of 1.00. The firm’s 50 day simple moving average is $50.74 and its two-hundred day simple moving average is $49.23.

JPMorgan U.S. Value Factor ETF Profile

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.