Avidian Wealth Enterprises LLC Raises Stock Position in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Avidian Wealth Enterprises LLC lifted its stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,582 shares of the company’s stock after purchasing an additional 12,823 shares during the period. JPMorgan US Value Factor ETF accounts for about 0.7% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 28th biggest holding. Avidian Wealth Enterprises LLC owned about 1.80% of JPMorgan US Value Factor ETF worth $15,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in shares of JPMorgan US Value Factor ETF in the 2nd quarter valued at approximately $34,000. Park Place Capital Corp purchased a new position in JPMorgan US Value Factor ETF during the second quarter valued at $48,000. Park Edge Advisors LLC bought a new stake in shares of JPMorgan US Value Factor ETF during the 3rd quarter valued at $207,000. Modera Wealth Management LLC purchased a new stake in shares of JPMorgan US Value Factor ETF in the 3rd quarter worth about $212,000. Finally, Ameritas Advisory Services LLC increased its stake in shares of JPMorgan US Value Factor ETF by 41.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,543 shares of the company’s stock worth $308,000 after acquiring an additional 2,206 shares in the last quarter.

JPMorgan US Value Factor ETF Stock Performance

Shares of JVAL opened at $43.39 on Wednesday. JPMorgan US Value Factor ETF has a fifty-two week low of $34.10 and a fifty-two week high of $44.24. The firm’s 50-day simple moving average is $43.07 and its two-hundred day simple moving average is $41.78. The stock has a market cap of $861.29 million, a PE ratio of 15.29 and a beta of 0.99.

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.