JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 12-Month High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $83.76 and last traded at $83.75, with a volume of 97804 shares trading hands. The stock had previously closed at $83.47.

JPMorgan Active Value ETF Price Performance

The firm has a market cap of $7.15 billion, a P/E ratio of -91.85 and a beta of 0.77. The company’s 50-day simple moving average is $80.08 and its 200 day simple moving average is $76.68.

Institutional Investors Weigh In On JPMorgan Active Value ETF

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in JPMorgan Active Value ETF during the fourth quarter valued at $32,000. Quadrant Capital Group LLC bought a new position in JPMorgan Active Value ETF during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of JPMorgan Active Value ETF during the third quarter valued at approximately $33,000. Fairway Wealth LLC purchased a new position in shares of JPMorgan Active Value ETF in the 4th quarter valued at $37,000. Finally, Greenline Wealth Management LLC bought a new stake in JPMorgan Active Value ETF during the fourth quarter valued at about $45,000. 43.07% of the stock is owned by institutional investors.

JPMorgan Active Value ETF Company Profile

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.