Raymond James Financial Inc. Buys New Position in JPMorgan Active Value ETF (NYSEARCA:JAVA)

Raymond James Financial Inc. bought a new stake in JPMorgan Active Value ETF (NYSEARCA:JAVA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 520,388 shares of the company’s stock, valued at approximately $32,941,000. Raymond James Financial Inc. owned 2.72% of JPMorgan Active Value ETF as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Active Value ETF by 63.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,466 shares of the company’s stock valued at $88,447,000 after buying an additional 534,561 shares during the period. Janney Montgomery Scott LLC increased its stake in JPMorgan Active Value ETF by 20.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,426,359 shares of the company’s stock valued at $90,289,000 after purchasing an additional 246,794 shares in the last quarter. Jones Financial Companies Lllp increased its stake in JPMorgan Active Value ETF by 113.5% in the 4th quarter. Jones Financial Companies Lllp now owns 184,815 shares of the company’s stock valued at $11,699,000 after purchasing an additional 98,255 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in JPMorgan Active Value ETF in the 4th quarter valued at approximately $5,831,000. Finally, Orrstown Financial Services Inc. purchased a new position in JPMorgan Active Value ETF in the 4th quarter valued at approximately $5,476,000.

JPMorgan Active Value ETF Price Performance

NYSEARCA JAVA opened at $61.90 on Friday. JPMorgan Active Value ETF has a 1-year low of $56.72 and a 1-year high of $68.77. The company has a market capitalization of $2.82 billion, a P/E ratio of 20.00 and a beta of 0.84. The business has a 50 day moving average price of $65.28 and a 200 day moving average price of $64.96.

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.