JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,028 shares of the company’s stock after selling 6,434 shares during the quarter. Raymond James & Associates’ holdings in JPMorgan U.S. Value Factor ETF were worth $1,081,000 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 made changes to their positions in JVAL. Private Advisor Group LLC lifted its holdings in JPMorgan U.S. Value Factor ETF by 1.2% in the third quarter. Private Advisor Group LLC now owns 23,901 shares of the company’s stock valued at $828,000 after acquiring an additional 294 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 25.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,995 shares of the company’s stock valued at $69,000 after purchasing an additional 400 shares during the period. Advisory Services Network LLC purchased a new stake in JPMorgan U.S. Value Factor ETF during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in JPMorgan U.S. Value Factor ETF during the fourth quarter valued at $28,000. Finally, Spire Wealth Management increased its holdings in JPMorgan U.S. Value Factor ETF by 14.6% in the third quarter. Spire Wealth Management now owns 7,320 shares of the company’s stock valued at $254,000 after buying an additional 930 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JPMorgan U.S. Value Factor ETF stock opened at $39.22 on Monday. The firm has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $37.92. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $32.70 and a fifty-two week high of $41.73. The company has a market cap of $800.09 million, a P/E ratio of 15.36 and a beta of 1.00.

JPMorgan U.S. Value Factor ETF Company Profile

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.