135,540 Shares in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) during the fourth quarter, Holdings Channel reports. The fund acquired 135,540 shares of the company’s stock, valued at approximately $5,855,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its stake in shares of JPMorgan US Value Factor ETF by 38.6% in the third quarter. Captrust Financial Advisors now owns 6,896 shares of the company’s stock worth $300,000 after buying an additional 1,922 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in JPMorgan US Value Factor ETF by 11.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 7,988 shares of the company’s stock valued at $348,000 after acquiring an additional 844 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its holdings in JPMorgan US Value Factor ETF by 0.7% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,175,149 shares of the company’s stock valued at $51,201,000 after acquiring an additional 7,915 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in JPMorgan US Value Factor ETF in the 3rd quarter worth approximately $2,351,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of JPMorgan US Value Factor ETF during the 3rd quarter worth approximately $18,011,000.

JPMorgan US Value Factor ETF Stock Up 1.9 %

Shares of NYSEARCA:JVAL opened at $42.70 on Tuesday. JPMorgan US Value Factor ETF has a 52-week low of $39.10 and a 52-week high of $46.02. The stock has a market cap of $708.82 million, a P/E ratio of 17.90 and a beta of 1.06. The business has a fifty day moving average of $43.83 and a two-hundred day moving average of $43.83.

JPMorgan US 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.