Janney Montgomery Scott LLC Boosts Stock Position in JPMorgan Active Value ETF (NYSEARCA:JAVA)

Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,426,359 shares of the company’s stock after purchasing an additional 246,794 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of JPMorgan Active Value ETF worth $90,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JAVA. LGT Financial Advisors LLC lifted its stake in shares of JPMorgan Active Value ETF by 53.9% in the 3rd quarter. LGT Financial Advisors LLC now owns 1,151 shares of the company’s stock valued at $74,000 after purchasing an additional 403 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in JPMorgan Active Value ETF during the 3rd quarter worth approximately $213,000. SeaCrest Wealth Management LLC acquired a new position in JPMorgan Active Value ETF during the 3rd quarter worth approximately $232,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of JPMorgan Active Value ETF in the 2nd quarter valued at approximately $238,000. Finally, Gladstone Institutional Advisory LLC raised its position in shares of JPMorgan Active Value ETF by 5.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,818 shares of the company’s stock valued at $245,000 after purchasing an additional 203 shares in the last quarter.

JPMorgan Active Value ETF Stock Down 0.5 %

Shares of JAVA opened at $66.10 on Thursday. JPMorgan Active Value ETF has a 52-week low of $55.14 and a 52-week high of $68.77. The business’s 50 day moving average is $65.61 and its two-hundred day moving average is $63.77. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 19.49 and a beta of 0.76.

About JPMorgan Active Value ETF

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.