First Citizens Bank & Trust Co. Sells 4,345,782 Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

First Citizens Bank & Trust Co. trimmed its stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 97.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,434 shares of the company’s stock after selling 4,345,782 shares during the period. First Citizens Bank & Trust Co.’s holdings in JPMorgan US Value Factor ETF were worth $5,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC bought a new stake in JPMorgan US Value Factor ETF during the second quarter worth about $5,411,000. SVB Wealth LLC boosted its stake in JPMorgan US Value Factor ETF by 40.2% in the first quarter. SVB Wealth LLC now owns 334,603 shares of the company’s stock worth $13,926,000 after buying an additional 95,932 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in JPMorgan US Value Factor ETF during the second quarter valued at approximately $34,000. SteelPeak Wealth LLC grew its position in JPMorgan US Value Factor ETF by 293.7% during the second quarter. SteelPeak Wealth LLC now owns 78,099 shares of the company’s stock valued at $3,192,000 after acquiring an additional 58,261 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of JPMorgan US Value Factor ETF by 1.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,621,460 shares of the company’s stock worth $188,879,000 after acquiring an additional 47,671 shares during the last quarter.

JPMorgan US Value Factor ETF Stock Performance

Shares of JPMorgan US Value Factor ETF stock opened at $44.08 on Friday. The stock has a market capitalization of $874.99 million, a price-to-earnings ratio of 15.29 and a beta of 0.99. The company has a fifty day moving average of $42.75 and a 200-day moving average of $41.50. JPMorgan US Value Factor ETF has a 52-week low of $32.76 and a 52-week high of $44.24.

About JPMorgan US Value Factor ETF

The JPMorgan U.S. Value Factor ETF (JVAL) is an exchange-traded fund that is based on the JP Morgan US Value Factor index. The fund tracks an index of large-cap US equities that are selected and weighted by four relative valuation factors: book yield, earnings yield, dividend yield and cash flow yield.