JPMorgan Active Value ETF (NYSEARCA:JAVA) Sets New 12-Month High – Should You Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) hit a new 52-week high during mid-day trading on Monday . The stock 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 Stock Performance

The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of -91.87 and a beta of 0.77. The company has a 50 day moving average of $79.83 and a 200 day moving average of $76.54.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in JPMorgan Active Value ETF by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after acquiring an additional 4,437,690 shares in the last quarter. LPL Financial LLC increased its position in shares of JPMorgan Active Value ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock valued at $449,158,000 after purchasing an additional 531,461 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in shares of JPMorgan Active Value ETF by 27.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after purchasing an additional 1,014,584 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of JPMorgan Active Value ETF by 3.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after purchasing an additional 81,880 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of JPMorgan Active Value ETF by 9.9% during the 4th quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock worth $128,602,000 after purchasing an additional 161,648 shares during the last quarter. 43.07% of the stock is owned by institutional investors and hedge funds.

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.