JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw unusually-strong trading volume on Wednesday . Approximately 391,022 shares were traded during trading, an increase of 439% from the previous session’s volume of 72,569 shares.The stock last traded at $45.04 and had previously closed at $44.99.

JPMorgan US Value Factor ETF Stock Performance

The stock has a 50 day moving average price of $44.34 and a 200 day moving average price of $43.22. The company has a market capitalization of $892.65 million, a P/E ratio of 15.29 and a beta of 0.99.

Hedge Funds Weigh In On JPMorgan US Value Factor ETF

Several institutional investors have recently bought and sold shares of JVAL. Cobblestone Capital Advisors LLC NY increased its position in JPMorgan US Value Factor ETF by 0.7% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,175,149 shares of the company’s stock worth $51,201,000 after buying an additional 7,915 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of JPMorgan US Value Factor ETF during the 3rd quarter worth $18,011,000. Avidian Wealth Enterprises LLC increased its holdings in JPMorgan US Value Factor ETF by 3.7% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 356,582 shares of the company’s stock worth $15,536,000 after acquiring an additional 12,823 shares during the last quarter. Mainsail Financial Group LLC raised its stake in JPMorgan US Value Factor ETF by 2.0% in the 3rd quarter. Mainsail Financial Group LLC now owns 295,593 shares of the company’s stock valued at $12,858,000 after acquiring an additional 5,714 shares during the period. Finally, Planned Solutions Inc. lifted its holdings in JPMorgan US Value Factor ETF by 1.6% during the third quarter. Planned Solutions Inc. now owns 249,306 shares of the company’s stock valued at $10,862,000 after purchasing an additional 3,825 shares during the last quarter.

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.