Avaii Wealth Management LLC Acquires 12,286 Shares of JPMorgan Active Value ETF (NYSEARCA:JAVA)

Avaii Wealth Management LLC lifted its position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,704 shares of the company’s stock after purchasing an additional 12,286 shares during the quarter. JPMorgan Active Value ETF accounts for approximately 5.3% of Avaii Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Avaii Wealth Management LLC owned 0.86% of JPMorgan Active Value ETF worth $10,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JAVA. Cetera Investment Advisers grew its stake in shares of JPMorgan Active Value ETF by 2,965.2% during the 2nd quarter. Cetera Investment Advisers now owns 811,564 shares of the company’s stock worth $48,093,000 after purchasing an additional 785,087 shares during the period. Steph & Co. acquired a new stake in shares of JPMorgan Active Value ETF during the 1st quarter worth approximately $36,071,000. Sanctuary Advisors LLC purchased a new position in shares of JPMorgan Active Value ETF during the 2nd quarter valued at approximately $13,353,000. Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Active Value ETF by 69.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 546,577 shares of the company’s stock valued at $32,735,000 after buying an additional 224,055 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of JPMorgan Active Value ETF by 21.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 745,094 shares of the company’s stock valued at $44,624,000 after buying an additional 129,523 shares in the last quarter.

JPMorgan Active Value ETF Stock Performance

Shares of NYSEARCA:JAVA remained flat at $65.50 during midday trading on Thursday. The stock had a trading volume of 42,429 shares, compared to its average volume of 131,001. JPMorgan Active Value ETF has a 52-week low of $48.47 and a 52-week high of $65.60. The stock has a market cap of $1.25 billion, a P/E ratio of 19.49 and a beta of 0.76. The company has a 50-day simple moving average of $62.79 and a two-hundred day simple moving average of $60.58.

About JPMorgan Active Value ETF

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.