LPL Financial LLC Grows Position in JPMorgan Active Value ETF (NYSEARCA:JAVA)

LPL Financial LLC boosted its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,594,688 shares of the company’s stock after purchasing an additional 71,887 shares during the quarter. LPL Financial LLC owned approximately 13.58% of JPMorgan Active Value ETF worth $166,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LGT Financial Advisors LLC lifted its position in JPMorgan Active Value ETF by 53.9% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,151 shares of the company’s stock valued at $74,000 after acquiring an additional 403 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of JPMorgan Active Value ETF in the 2nd quarter worth approximately $82,000. Concurrent Investment Advisors LLC purchased a new position in JPMorgan Active Value ETF during the third quarter valued at $213,000. Comerica Bank boosted its holdings in JPMorgan Active Value ETF by 11.5% in the first quarter. Comerica Bank now owns 3,536 shares of the company’s stock worth $212,000 after acquiring an additional 364 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in shares of JPMorgan Active Value ETF during the third quarter valued at $232,000.

JPMorgan Active Value ETF Price Performance

Shares of JPMorgan Active Value ETF stock opened at $67.38 on Friday. JPMorgan Active Value ETF has a 1 year low of $52.25 and a 1 year high of $67.57. The firm’s 50-day moving average is $64.79 and its 200 day moving average is $61.89. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 19.49 and a beta of 0.76.

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.