JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Sees Large Volume Increase – Still a Buy?

JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw unusually-high trading volume on Thursday . Approximately 308,768 shares were traded during mid-day trading, an increase of 294% from the previous session’s volume of 78,331 shares.The stock last traded at $42.05 and had previously closed at $42.19.

JPMorgan US Value Factor ETF Price Performance

The business’s fifty day simple moving average is $43.67 and its two-hundred day simple moving average is $43.81. The company has a market cap of $671.23 million, a PE ratio of 17.43 and a beta of 1.06.

JPMorgan US Value Factor ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.1839 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Goodman Advisory Group LLC purchased a new position in JPMorgan US Value Factor ETF in the 3rd quarter valued at $18,011,000. Raymond James Financial Inc. purchased a new position in shares of JPMorgan US Value Factor ETF in the fourth quarter worth about $5,855,000. Columbia Advisory Partners LLC acquired a new position in JPMorgan US Value Factor ETF during the fourth quarter worth about $5,151,000. SteelPeak Wealth LLC acquired a new position in JPMorgan US Value Factor ETF during the fourth quarter worth about $3,721,000. Finally, SVB Wealth LLC raised its holdings in JPMorgan US Value Factor ETF by 1,565.0% in the 4th quarter. SVB Wealth LLC now owns 90,092 shares of the company’s stock valued at $3,892,000 after acquiring an additional 84,681 shares during the last quarter.

JPMorgan US Value Factor ETF Company 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.