Assetmark Inc. Cuts Position in JPMorgan Active Value ETF (NYSEARCA:JAVA)

Assetmark Inc. decreased its position in JPMorgan Active Value ETF (NYSEARCA:JAVA) by 42.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 564 shares of the company’s stock after selling 412 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan Active Value ETF were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JAVA. Dynasty Wealth Management LLC purchased a new stake in JPMorgan Active Value ETF in the first quarter valued at approximately $196,695,000. Sagespring Wealth Partners LLC purchased a new stake in shares of JPMorgan Active Value ETF during the first quarter worth $178,162,000. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Active Value ETF by 465.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,189,600 shares of the company’s stock worth $75,587,000 after acquiring an additional 979,103 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Active Value ETF during the fourth quarter worth $32,941,000. Finally, Orrstown Financial Services Inc. increased its position in shares of JPMorgan Active Value ETF by 600.4% during the first quarter. Orrstown Financial Services Inc. now owns 605,828 shares of the company’s stock worth $38,494,000 after acquiring an additional 519,325 shares during the period. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Trading Up 0.8%

JPMorgan Active Value ETF stock opened at $65.29 on Tuesday. JPMorgan Active Value ETF has a twelve month low of $55.51 and a twelve month high of $68.77. The stock’s fifty day simple moving average is $65.17 and its 200-day simple moving average is $64.01. The firm has a market capitalization of $3.72 billion, a P/E ratio of -71.75 and a beta of 0.80.

JPMorgan Active Value ETF Profile

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.