JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Hits New 1-Year High – Here’s Why

JPMorgan US Value Factor ETF (NYSEARCA:JVAL)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $45.86 and last traded at $45.86, with a volume of 1263 shares traded. The stock had previously closed at $45.23.

JPMorgan US Value Factor ETF Stock Up 1.3 %

The firm has a 50-day moving average of $43.71 and a two-hundred day moving average of $42.21. The stock has a market capitalization of $909.33 million, a price-to-earnings ratio of 15.29 and a beta of 0.99.

Institutional Investors Weigh In On JPMorgan US Value Factor ETF

A number of hedge funds have recently bought and sold shares of JVAL. Comerica Bank increased its holdings in JPMorgan US Value Factor ETF by 4.6% in the 1st quarter. Comerica Bank now owns 8,509 shares of the company’s stock valued at $354,000 after buying an additional 372 shares during the period. Cetera Investment Advisers lifted its stake in JPMorgan US Value Factor ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 147,171 shares of the company’s stock worth $6,125,000 after purchasing an additional 10,781 shares during the period. Kathmere Capital Management LLC boosted its holdings in JPMorgan US Value Factor ETF by 0.3% during the second quarter. Kathmere Capital Management LLC now owns 111,257 shares of the company’s stock valued at $4,292,000 after purchasing an additional 318 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of JPMorgan US Value Factor ETF in the 2nd quarter valued at approximately $48,000. Finally, Retirement Planning Group LLC acquired a new position in shares of JPMorgan US Value Factor ETF in the 2nd quarter worth approximately $5,411,000.

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.