Concourse Financial Group Securities Inc. Sells 1,556 Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Concourse Financial Group Securities Inc. decreased its position in shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 6.5% during the third quarter, HoldingsChannel reports. The fund owned 22,432 shares of the company’s stock after selling 1,556 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in JPMorgan US Value Factor ETF were worth $977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV bought a new position in JPMorgan US Value Factor ETF during the 1st quarter valued at about $41,000. Comerica Bank lifted its stake in shares of JPMorgan US Value Factor ETF by 4.6% during the 1st quarter. Comerica Bank now owns 8,509 shares of the company’s stock worth $354,000 after acquiring an additional 372 shares during the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan US Value Factor ETF by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 147,171 shares of the company’s stock valued at $6,125,000 after acquiring an additional 10,781 shares during the period. Patten Group Inc. grew its position in JPMorgan US Value Factor ETF by 23.8% in the 2nd quarter. Patten Group Inc. now owns 11,170 shares of the company’s stock valued at $457,000 after acquiring an additional 2,145 shares during the last quarter. Finally, Fifth Third Securities Inc. increased its stake in JPMorgan US Value Factor ETF by 54.6% in the second quarter. Fifth Third Securities Inc. now owns 64,164 shares of the company’s stock worth $2,622,000 after purchasing an additional 22,660 shares during the period.

JPMorgan US Value Factor ETF Trading Up 0.8 %

NYSEARCA:JVAL opened at $44.10 on Tuesday. The stock has a fifty day simple moving average of $42.45 and a 200-day simple moving average of $41.43. The company has a market cap of $875.39 million, a price-to-earnings ratio of 15.29 and a beta of 0.99. JPMorgan US Value Factor ETF has a twelve month low of $32.76 and a twelve month high of $44.10.

JPMorgan US Value Factor ETF Profile

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.