JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Reaches New 12-Month High – Still a Buy?

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.53 and last traded at $51.5540, with a volume of 847 shares trading hands. The stock had previously closed at $51.14.

JPMorgan U.S. Value Factor ETF Price Performance

The firm has a market cap of $697.20 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. The stock has a 50-day moving average price of $50.17 and a 200 day moving average price of $48.09.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Several institutional investors have recently bought and sold shares of JVAL. IFP Advisors Inc acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the 2nd quarter valued at $27,000. Realta Investment Advisors purchased a new position in JPMorgan U.S. Value Factor ETF in the fourth quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the second quarter worth about $35,000. Assetmark Inc. boosted its position in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% in the fourth quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after buying an additional 927 shares during the period. Finally, First Horizon Corp purchased a new stake in shares of JPMorgan U.S. Value Factor ETF in the third quarter worth about $55,000.

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