JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Strong Trading Volume – Time to Buy?

JPMorgan Active Value ETF (NYSEARCA:JAVA) saw an uptick in trading volume on Wednesday . 1,057,319 shares were traded during mid-day trading, an increase of 151% from the previous session’s volume of 421,393 shares.The stock last traded at $63.93 and had previously closed at $64.14.

JPMorgan Active Value ETF Price Performance

The firm’s fifty day moving average is $65.25 and its 200 day moving average is $65.05. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 20.13 and a beta of 0.84.

JPMorgan Active Value ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.1689 per share. The ex-dividend date is Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JAVA. Farmers & Merchants Investments Inc. bought a new stake in shares of JPMorgan Active Value ETF during the 4th quarter worth about $25,000. Centricity Wealth Management LLC acquired a new position in JPMorgan Active Value ETF during the 4th quarter valued at $39,000. Assetmark Inc. lifted its position in shares of JPMorgan Active Value ETF by 2,402.6% in the 4th quarter. Assetmark Inc. now owns 976 shares of the company’s stock worth $62,000 after acquiring an additional 937 shares during the period. Cary Street Partners Financial LLC acquired a new stake in JPMorgan Active Value ETF during the fourth quarter worth $101,000. Finally, WR Wealth Planners LLC acquired a new position in shares of JPMorgan Active Value ETF in the 4th quarter valued at $115,000.

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.