JPMorgan Active Value ETF (NYSEARCA:JAVA) Reaches New 1-Year High – Still a Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $80.45 and last traded at $80.44, with a volume of 16418 shares traded. The stock had previously closed at $79.83.

JPMorgan Active Value ETF Price Performance

The stock has a 50 day simple moving average of $77.30 and a two-hundred day simple moving average of $75.05. The company has a market cap of $6.74 billion, a price-to-earnings ratio of -88.18 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in JPMorgan Active Value ETF during the fourth quarter worth about $32,000. Quadrant Capital Group LLC acquired a new position in JPMorgan Active Value ETF in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan Active Value ETF in the 3rd quarter valued at approximately $33,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Active Value ETF in the 4th quarter valued at approximately $37,000. Finally, Greenline Wealth Management LLC acquired a new stake in shares of JPMorgan Active Value ETF during the 4th quarter worth approximately $45,000. 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.