JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 14.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,020 shares of the company’s stock after buying an additional 1,547 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of JPMorgan U.S. Value Factor ETF worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in JPMorgan U.S. Value Factor ETF by 10.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,485 shares of the company’s stock worth $1,263,000 after buying an additional 2,897 shares during the period. Comerica Bank grew its position in shares of JPMorgan U.S. Value Factor ETF by 4.2% in the fourth quarter. Comerica Bank now owns 9,556 shares of the company’s stock valued at $413,000 after purchasing an additional 382 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of JPMorgan U.S. Value Factor ETF by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 265,189 shares of the company’s stock valued at $11,456,000 after purchasing an additional 9,493 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 14.6% in the first quarter. Perigon Wealth Management LLC now owns 7,152 shares of the company’s stock valued at $296,000 after purchasing an additional 913 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,275 shares of the company’s stock valued at $508,000 after purchasing an additional 946 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Price Performance

JVAL stock opened at $44.70 on Wednesday. The company’s 50 day simple moving average is $44.14 and its 200-day simple moving average is $42.73. The firm has a market capitalization of $522.99 million, a PE ratio of 16.37 and a beta of 1.05. JPMorgan U.S. Value Factor ETF has a 12 month low of $35.62 and a 12 month high of $46.02.

About JPMorgan U.S. 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.