Convergence Financial LLC Acquires 26,976 Shares of JPMorgan Active Value ETF $JAVA

Convergence Financial LLC lifted its holdings in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,032 shares of the company’s stock after buying an additional 26,976 shares during the quarter. JPMorgan Active Value ETF comprises approximately 3.7% of Convergence Financial LLC’s investment portfolio, making the stock its 6th biggest holding. Convergence Financial LLC owned about 0.58% of JPMorgan Active Value ETF worth $24,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in JPMorgan Active Value ETF during the 3rd quarter worth $33,000. Total Investment Management Inc. bought a new position in shares of JPMorgan Active Value ETF in the 2nd quarter worth $40,000. Bank of Montreal Can grew its stake in shares of JPMorgan Active Value ETF by 211.0% during the second quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $48,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC bought a new stake in JPMorgan Active Value ETF in the third quarter valued at about $56,000. Finally, Pinnacle Bancorp Inc. lifted its stake in JPMorgan Active Value ETF by 11.6% in the third quarter. Pinnacle Bancorp Inc. now owns 1,438 shares of the company’s stock valued at $99,000 after buying an additional 150 shares during the period. 43.07% of the stock is owned by institutional investors.

JPMorgan Active Value ETF Trading Up 0.5%

Shares of JAVA opened at $76.43 on Friday. The stock has a market cap of $5.80 billion, a P/E ratio of -83.99 and a beta of 0.81. JPMorgan Active Value ETF has a 1 year low of $55.51 and a 1 year high of $77.22. The stock’s 50-day moving average price is $74.30 and its two-hundred day moving average price is $70.72.

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.