Cobblestone Asset Management LLC Invests $307,000 in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Cobblestone Asset Management LLC acquired a new stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,386 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position in JPMorgan US Value Factor ETF by 19.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,870,542 shares of the company’s stock valued at $265,066,000 after purchasing an additional 1,113,094 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in JPMorgan US Value Factor ETF during the 4th quarter worth about $2,010,000. First Citizens Bank & Trust Co. increased its position in JPMorgan US Value Factor ETF by 18.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 6,567,998 shares of the company’s stock valued at $253,393,000 after purchasing an additional 1,010,945 shares during the period. Drive Wealth Management LLC raised its holdings in shares of JPMorgan US Value Factor ETF by 154.2% in the 4th quarter. Drive Wealth Management LLC now owns 22,231 shares of the company’s stock valued at $858,000 after purchasing an additional 13,484 shares in the last quarter. Finally, SVB Wealth LLC lifted its position in shares of JPMorgan US Value Factor ETF by 1,392.4% in the 4th quarter. SVB Wealth LLC now owns 238,671 shares of the company’s stock worth $9,208,000 after purchasing an additional 222,679 shares during the period.

JPMorgan US Value Factor ETF Stock Performance

NYSEARCA:JVAL traded down $0.23 during trading hours on Monday, reaching $40.64. The company’s stock had a trading volume of 154,686 shares, compared to its average volume of 103,583. The stock has a 50 day moving average price of $40.65 and a two-hundred day moving average price of $39.88. The company has a market capitalization of $806.70 million, a P/E ratio of 15.29 and a beta of 0.99. JPMorgan US Value Factor ETF has a 12 month low of $32.76 and a 12 month high of $41.73.

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.