Wells Fargo & Company MN Increases Stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Wells Fargo & Company MN increased its stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 267.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,315 shares of the company’s stock after acquiring an additional 8,968 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of JPMorgan US Value Factor ETF worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Spire Wealth Management boosted its position in shares of JPMorgan US Value Factor ETF by 11.6% in the fourth quarter. Spire Wealth Management now owns 5,765 shares of the company’s stock worth $249,000 after buying an additional 597 shares during the period. Acropolis Investment Management LLC purchased a new position in JPMorgan US Value Factor ETF in the 4th quarter worth approximately $253,000. Ameritas Advisory Services LLC grew its position in JPMorgan US Value Factor ETF by 25.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,164 shares of the company’s stock valued at $396,000 after acquiring an additional 1,864 shares in the last quarter. Miracle Mile Advisors LLC grew its position in JPMorgan US Value Factor ETF by 17.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 11,969 shares of the company’s stock valued at $517,000 after acquiring an additional 1,817 shares in the last quarter. Finally, Cobblestone Asset Management LLC raised its stake in shares of JPMorgan US Value Factor ETF by 7.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 12,480 shares of the company’s stock valued at $539,000 after purchasing an additional 901 shares during the period.

JPMorgan US Value Factor ETF Price Performance

NYSEARCA:JVAL opened at $40.79 on Friday. The firm has a 50-day moving average of $40.51 and a two-hundred day moving average of $43.03. The stock has a market cap of $646.52 million, a P/E ratio of 15.63 and a beta of 1.00. JPMorgan US Value Factor ETF has a 1-year low of $35.62 and a 1-year high of $46.02.

JPMorgan US Value Factor ETF 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.