JPMorgan Chase & Co. Buys 8,850,809 Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA)

JPMorgan Chase & Co. boosted its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 641.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,231,275 shares of the company’s stock after purchasing an additional 8,850,809 shares during the quarter. JPMorgan Chase & Co. owned approximately 53.57% of JPMorgan Active Value ETF worth $647,640,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of JPMorgan Active Value ETF during the 4th quarter worth approximately $32,941,000. Intellus Advisors LLC acquired a new stake in JPMorgan Active Value ETF in the fourth quarter worth about $27,978,000. Janney Montgomery Scott LLC grew its stake in shares of JPMorgan Active Value ETF by 20.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,426,359 shares of the company’s stock worth $90,289,000 after acquiring an additional 246,794 shares during the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan Active Value ETF by 9.1% during the fourth quarter. LPL Financial LLC now owns 2,831,430 shares of the company’s stock valued at $179,230,000 after acquiring an additional 236,742 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of JPMorgan Active Value ETF by 21.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 760,356 shares of the company’s stock valued at $48,131,000 after purchasing an additional 133,671 shares during the last quarter.

JPMorgan Active Value ETF Trading Down 1.3 %

NYSEARCA:JAVA opened at $63.01 on Friday. JPMorgan Active Value ETF has a twelve month low of $56.72 and a twelve month high of $68.77. The company has a market cap of $3.12 billion, a PE ratio of 20.13 and a beta of 0.84. The company’s 50 day moving average is $65.16 and its two-hundred day moving average is $65.04.

JPMorgan Active Value ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.1689 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.