Avaii Wealth Management LLC Acquires 12,286 Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA)

Avaii Wealth Management LLC boosted its holdings in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 8.1% during the third quarter, Holdings Channel reports. The institutional investor owned 163,704 shares of the company’s stock after buying an additional 12,286 shares during the period. JPMorgan Active Value ETF makes up 5.3% of Avaii Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Avaii Wealth Management LLC’s holdings in JPMorgan Active Value ETF were worth $10,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JAVA. Strategic Financial Concepts LLC acquired a new stake in JPMorgan Active Value ETF in the 2nd quarter worth about $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of JPMorgan Active Value ETF in the 2nd quarter valued at about $82,000. Geneos Wealth Management Inc. acquired a new position in shares of JPMorgan Active Value ETF in the 1st quarter valued at about $95,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of JPMorgan Active Value ETF by 91.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,351 shares of the company’s stock valued at $141,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Ignite Planners LLC acquired a new position in shares of JPMorgan Active Value ETF in the 1st quarter valued at about $202,000.

JPMorgan Active Value ETF Price Performance

Shares of NYSEARCA JAVA remained flat at $65.50 during midday trading on Thursday. The stock had a trading volume of 42,429 shares, compared to its average volume of 131,001. The company has a market cap of $1.25 billion, a P/E ratio of 19.49 and a beta of 0.76. JPMorgan Active Value ETF has a fifty-two week low of $48.47 and a fifty-two week high of $65.60. The business has a fifty day moving average of $62.79 and a two-hundred day moving average of $60.58.

JPMorgan Active Value ETF 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.