JPMorgan Active Value ETF (NYSEARCA:JAVA) Hits New 12-Month High – Here’s Why

JPMorgan Active Value ETF (NYSEARCA:JAVA)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as $85.10 and last traded at $84.8990, with a volume of 35,144 shares traded. The stock had previously closed at $83.31.

JPMorgan Active Value ETF Stock Up 2.3%

The business’s 50-day simple moving average is $81.90 and its 200-day simple moving average is $78.23. The stock has a market cap of $7.62 billion, a PE ratio of -93.67 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Latitude Advisors LLC purchased a new stake in JPMorgan Active Value ETF during the third quarter valued at $27,000. Root Financial Partners LLC bought a new stake in JPMorgan Active Value ETF during the 3rd quarter worth approximately $64,000. Compass Financial Management LLC purchased a new position in shares of JPMorgan Active Value ETF during the 2nd quarter valued at $103,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of JPMorgan Active Value ETF in the second quarter valued at about $206,000. Finally, Triumph Capital Management boosted its stake in JPMorgan Active Value ETF by 11.2% in the 3rd quarter. Triumph Capital Management now owns 2,806 shares of the company’s stock worth $224,000 after purchasing an additional 282 shares during the period. Institutional investors 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.