JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA) shares saw unusually-strong trading volume on Thursday . Approximately 333,725 shares traded hands during trading, a decline of 23% from the previous session’s volume of 430,865 shares.The stock last traded at $77.36 and had previously closed at $77.48.

JPMorgan Active Value ETF Stock Performance

The company has a market cap of $6.83 billion, a PE ratio of -85.33 and a beta of 0.79. The stock’s 50-day simple moving average is $74.39 and its 200 day simple moving average is $73.61.

Hedge Funds Weigh In On JPMorgan Active Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Active Value ETF by 27.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after purchasing an additional 4,437,690 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Active Value ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock worth $449,158,000 after purchasing an additional 531,461 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF by 27.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after purchasing an additional 1,014,584 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of JPMorgan Active Value ETF by 9.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 4,199,747 shares of the company’s stock worth $301,206,000 after purchasing an additional 355,013 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of JPMorgan Active Value ETF by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock worth $174,520,000 after buying an additional 81,880 shares during the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

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.