Riggs Capital Management LLC Makes New $449,000 Investment in JPMorgan Active Value ETF (NYSEARCA:JAVA)

Riggs Capital Management LLC bought a new stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,099 shares of the company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JAVA. Farmers & Merchants Investments Inc. purchased a new position in shares of JPMorgan Active Value ETF during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in JPMorgan Active Value ETF in the fourth quarter worth $39,000. Assetmark Inc. raised its holdings in JPMorgan Active Value ETF by 2,402.6% in the fourth quarter. Assetmark Inc. now owns 976 shares of the company’s stock worth $62,000 after purchasing an additional 937 shares in the last quarter. WR Wealth Planners LLC bought a new stake in shares of JPMorgan Active Value ETF during the 4th quarter valued at $115,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of JPMorgan Active Value ETF by 32.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,092 shares of the company’s stock worth $132,000 after buying an additional 515 shares during the period.

JPMorgan Active Value ETF Price Performance

Shares of NYSEARCA JAVA opened at $63.01 on Monday. JPMorgan Active Value ETF has a 1 year low of $56.72 and a 1 year high of $68.77. The firm has a 50-day moving average of $65.16 and a 200 day moving average of $65.09. The stock has a market cap of $3.12 billion, a P/E ratio of 20.13 and a beta of 0.84.

JPMorgan Active Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1689 per share. The ex-dividend date was Tuesday, March 25th.

JPMorgan Active Value ETF 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.