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

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

JPMorgan US Value Factor ETF Stock Performance

The company has a 50-day moving average of $42.30 and a 200-day moving average of $41.39. The stock has a market cap of $868.83 million, a price-to-earnings ratio of 15.29 and a beta of 0.99.

Hedge Funds Weigh In On JPMorgan US Value Factor ETF

Institutional investors have recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in JPMorgan US Value Factor ETF during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of JPMorgan US Value Factor ETF during the 1st quarter worth approximately $41,000. Park Place Capital Corp acquired a new stake in shares of JPMorgan US Value Factor ETF in the 2nd quarter worth approximately $48,000. Perigon Wealth Management LLC purchased a new position in JPMorgan US Value Factor ETF in the 1st quarter valued at approximately $209,000. Finally, Cobblestone Asset Management LLC acquired a new position in JPMorgan US Value Factor ETF during the first quarter worth $307,000.

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.