Avidian Wealth Enterprises LLC Buys 34,447 Shares of JPMorgan U.S. Value Factor ETF $JVAL

Avidian Wealth Enterprises LLC lifted its stake in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 996,183 shares of the company’s stock after buying an additional 34,447 shares during the period. JPMorgan U.S. Value Factor ETF comprises 1.8% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 12th biggest holding. Avidian Wealth Enterprises LLC owned approximately 8.66% of JPMorgan U.S. Value Factor ETF worth $47,319,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at approximately $658,000. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan U.S. Value Factor ETF by 5.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,037 shares of the company’s stock valued at $1,674,000 after purchasing an additional 1,894 shares during the period. First Horizon Corp acquired a new position in shares of JPMorgan U.S. Value Factor ETF in the third quarter valued at $55,000. Mainsail Financial Group LLC lifted its position in JPMorgan U.S. Value Factor ETF by 2.2% in the third quarter. Mainsail Financial Group LLC now owns 374,199 shares of the company’s stock worth $17,774,000 after purchasing an additional 7,939 shares during the period. Finally, Strategic Blueprint LLC bought a new position in JPMorgan U.S. Value Factor ETF in the third quarter worth $215,000.

JPMorgan U.S. Value Factor ETF Price Performance

JVAL opened at $50.00 on Wednesday. The company has a market capitalization of $657.50 million, a P/E ratio of 16.37 and a beta of 1.00. The firm’s fifty day moving average price is $49.25 and its two-hundred day moving average price is $47.56. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $35.62 and a fifty-two week high of $51.24.

JPMorgan U.S. 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. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.