Summit Wealth Group LLC Co. Invests $838,000 in JPMorgan Active Value ETF $JAVA

Summit Wealth Group LLC Co. purchased a new position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 11,688 shares of the company’s stock, valued at approximately $838,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in JPMorgan Active Value ETF during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Active Value ETF during the 3rd quarter worth $33,000. Fairway Wealth LLC bought a new stake in JPMorgan Active Value ETF during the 4th quarter worth $37,000. Root Financial Partners LLC bought a new stake in JPMorgan Active Value ETF during the 3rd quarter worth $56,000. Finally, Richards Merrill & Peterson Inc. bought a new stake in JPMorgan Active Value ETF during the 4th quarter worth $73,000. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Down 0.2%

Shares of JAVA stock opened at $76.31 on Wednesday. The firm has a market capitalization of $6.72 billion, a P/E ratio of -83.86 and a beta of 0.79. JPMorgan Active Value ETF has a twelve month low of $61.76 and a twelve month high of $77.22. The stock’s fifty day simple moving average is $73.73 and its 200 day simple moving average is $73.07.

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.