Integrated Wealth Concepts LLC Trims Stock Position in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Integrated Wealth Concepts LLC reduced its stake in shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 19.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,025 shares of the company’s stock after selling 29,983 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.63% of JPMorgan US Value Factor ETF worth $5,491,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JVAL. Retirement Planning Group LLC purchased a new position in JPMorgan US Value Factor ETF during the 2nd quarter valued at $5,411,000. Strategic Financial Concepts LLC purchased a new stake in shares of JPMorgan US Value Factor ETF in the 2nd quarter worth about $34,000. SteelPeak Wealth LLC grew its position in shares of JPMorgan US Value Factor ETF by 293.7% in the 2nd quarter. SteelPeak Wealth LLC now owns 78,099 shares of the company’s stock worth $3,192,000 after buying an additional 58,261 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of JPMorgan US Value Factor ETF by 1.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,621,460 shares of the company’s stock worth $188,879,000 after buying an additional 47,671 shares during the period. Finally, Mainsail Financial Group LLC grew its position in shares of JPMorgan US Value Factor ETF by 18.1% in the 2nd quarter. Mainsail Financial Group LLC now owns 289,879 shares of the company’s stock worth $11,847,000 after buying an additional 44,349 shares during the period.

JPMorgan US Value Factor ETF Price Performance

NYSEARCA:JVAL opened at $45.70 on Thursday. The firm’s 50-day moving average price is $44.11 and its 200-day moving average price is $42.45. The company has a market capitalization of $907.15 million, a PE ratio of 15.29 and a beta of 0.99. JPMorgan US Value Factor ETF has a 1-year low of $36.39 and a 1-year high of $46.02.

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.