JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan US Value Factor ETF (NYSEARCA:JVAL) saw unusually-strong trading volume on Thursday . Approximately 308,768 shares changed hands during 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 Stock Down 1.9 %

The firm has a market capitalization of $671.23 million, a PE ratio of 17.43 and a beta of 1.06. The company has a 50-day moving average of $43.67 and a 200 day moving average of $43.81.

JPMorgan US Value Factor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1839 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan US Value Factor ETF by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,588 shares of the company’s stock valued at $1,192,000 after purchasing an additional 445 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan US Value Factor ETF by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 139,347 shares of the company’s stock valued at $6,020,000 after buying an additional 1,008 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in JPMorgan US Value Factor ETF in the 4th quarter worth approximately $1,076,000. Bank of America Corp DE boosted its stake in JPMorgan US Value Factor ETF by 5.6% in the fourth quarter. Bank of America Corp DE now owns 443,777 shares of the company’s stock worth $19,171,000 after buying an additional 23,588 shares in the last quarter. Finally, Comerica Bank grew its position in JPMorgan US Value Factor ETF by 4.2% during the fourth quarter. Comerica Bank now owns 9,556 shares of the company’s stock valued at $413,000 after acquiring an additional 382 shares during the last quarter.

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.