JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 52-Week High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $81.00 and last traded at $80.47, with a volume of 277669 shares. The stock had previously closed at $80.55.

JPMorgan Active Value ETF Trading Down 0.1%

The firm has a market cap of $6.78 billion, a PE ratio of -88.43 and a beta of 0.78. The business has a fifty day moving average price of $77.70 and a 200 day moving average price of $75.29.

Institutional Trading of JPMorgan Active Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of JPMorgan Active Value ETF by 1.7% during the 1st quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after buying an additional 245 shares during the last quarter. Creative Planning acquired a new stake in JPMorgan Active Value ETF during the 2nd quarter worth $269,000. Flow Traders U.S. LLC acquired a new stake in JPMorgan Active Value ETF during the 2nd quarter worth $324,000. Cary Street Partners Financial LLC lifted its position in JPMorgan Active Value ETF by 13.3% in the second quarter. Cary Street Partners Financial LLC now owns 1,812 shares of the company’s stock valued at $119,000 after acquiring an additional 212 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in JPMorgan Active Value ETF in the second quarter valued at $127,000. Institutional investors and hedge funds own 43.07% of the company’s stock.

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.