JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Large Volume Increase – Time to Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) shares saw unusually-strong trading volume on Wednesday . Approximately 1,057,319 shares were traded during mid-day trading, an increase of 151% from the previous session’s volume of 421,393 shares.The stock last traded at $63.93 and had previously closed at $64.14.

JPMorgan Active Value ETF Price Performance

The company’s 50-day simple moving average is $65.16 and its 200-day simple moving average is $65.04. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 20.13 and a beta of 0.84.

JPMorgan Active Value ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.1689 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On JPMorgan Active Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Active Value ETF by 641.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,231,275 shares of the company’s stock valued at $647,640,000 after purchasing an additional 8,850,809 shares in the last quarter. LPL Financial LLC increased its holdings in JPMorgan Active Value ETF by 9.1% in the fourth quarter. LPL Financial LLC now owns 2,831,430 shares of the company’s stock valued at $179,230,000 after buying an additional 236,742 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in JPMorgan Active Value ETF by 20.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,426,359 shares of the company’s stock valued at $90,289,000 after buying an additional 246,794 shares in the last quarter. Cetera Investment Advisers lifted its holdings in JPMorgan Active Value ETF by 7.0% during the 4th quarter. Cetera Investment Advisers now owns 973,029 shares of the company’s stock worth $61,593,000 after buying an additional 63,523 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of JPMorgan Active Value ETF by 21.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 760,356 shares of the company’s stock worth $48,131,000 after acquiring an additional 133,671 shares in the last quarter.

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.