JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Hits New 12-Month High – Time to Buy?

Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) hit a new 52-week high during trading on Friday . The company traded as high as $43.76 and last traded at $43.76, with a volume of 2097 shares traded. The stock had previously closed at $43.31.

JPMorgan US Value Factor ETF Stock Up 1.0 %

The stock has a market cap of $868.04 million, a PE ratio of 15.29 and a beta of 0.99. The firm has a fifty day moving average of $42.36 and a 200 day moving average of $41.41.

Hedge Funds Weigh In On JPMorgan US Value Factor ETF

Several hedge funds have recently added to or reduced their stakes in JVAL. Retirement Planning Group LLC purchased a new stake in shares of JPMorgan US Value Factor ETF in the 2nd quarter valued at about $5,411,000. SVB Wealth LLC increased its position in JPMorgan US Value Factor ETF by 40.2% during 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 during the period. Strategic Financial Concepts LLC purchased a new stake in JPMorgan US Value Factor ETF in the second quarter valued at approximately $34,000. SteelPeak Wealth LLC boosted its holdings in shares of JPMorgan US Value Factor ETF by 293.7% in 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 period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of JPMorgan US Value Factor ETF by 1.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,621,460 shares of the company’s stock valued at $188,879,000 after acquiring an additional 47,671 shares during the period.

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.