JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 52-Week High – Time to Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price reached a new 52-week high on Friday . The company traded as high as $78.63 and last traded at $78.60, with a volume of 22396 shares trading hands. The stock had previously closed at $78.06.

JPMorgan Active Value ETF Trading Up 0.9%

The firm has a market capitalization of $6.93 billion, a P/E ratio of -86.54 and a beta of 0.78. The business’s 50 day simple moving average is $75.75 and its two-hundred day simple moving average is $74.24.

Institutional Trading of JPMorgan Active Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JAVA. BCGM Wealth Management LLC boosted its holdings in shares of JPMorgan Active Value ETF by 5.2% during the 3rd quarter. BCGM Wealth Management LLC now owns 157,291 shares of the company’s stock valued at $10,847,000 after acquiring an additional 7,742 shares during the last quarter. Arlington Financial Advisors LLC raised its stake in JPMorgan Active Value ETF by 3.0% during the 4th quarter. Arlington Financial Advisors LLC now owns 362,453 shares of the company’s stock valued at $25,995,000 after buying an additional 10,481 shares during the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of JPMorgan Active Value ETF by 4.4% during the 4th quarter. FSM Wealth Advisors LLC now owns 471,363 shares of the company’s stock valued at $33,806,000 after buying an additional 19,662 shares during the period. Fortis Group Advisors LLC bought a new position in shares of JPMorgan Active Value ETF during the 4th quarter valued at $3,194,000. Finally, Steph & Co. boosted its stake in shares of JPMorgan Active Value ETF by 9.4% in the 4th quarter. Steph & Co. now owns 822,317 shares of the company’s stock worth $58,977,000 after buying an additional 70,458 shares during the last quarter. 43.07% of the stock is currently owned by institutional investors.

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.