Avidian Wealth Enterprises LLC Raises Position in JPMorgan US Value Factor ETF (NYSEARCA:JVAL)

Avidian Wealth Enterprises LLC lifted its holdings in JPMorgan US Value Factor ETF (NYSEARCA:JVAL) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,582 shares of the company’s stock after purchasing an additional 12,823 shares during the quarter. JPMorgan US Value Factor ETF comprises about 0.7% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 28th biggest position. Avidian Wealth Enterprises LLC’s holdings in JPMorgan US Value Factor ETF were worth $15,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp acquired a new stake in JPMorgan US Value Factor ETF in the second quarter worth about $48,000. Park Edge Advisors LLC acquired a new stake in JPMorgan US Value Factor ETF in the 3rd quarter worth approximately $207,000. Modera Wealth Management LLC acquired a new stake in JPMorgan US Value Factor ETF in the 3rd quarter worth approximately $212,000. Ameritas Advisory Services LLC grew its position in JPMorgan US Value Factor ETF by 41.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,543 shares of the company’s stock worth $308,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Comerica Bank increased its stake in JPMorgan US Value Factor ETF by 4.6% during the 1st quarter. Comerica Bank now owns 8,509 shares of the company’s stock valued at $354,000 after purchasing an additional 372 shares in the last quarter.

JPMorgan US Value Factor ETF Trading Up 1.0 %

NYSEARCA:JVAL opened at $43.39 on Wednesday. The company has a market capitalization of $861.29 million, a P/E ratio of 15.29 and a beta of 0.99. JPMorgan US Value Factor ETF has a 12 month low of $34.10 and a 12 month high of $44.24. The firm has a fifty day simple moving average of $43.07 and a 200-day simple moving average of $41.78.

About JPMorgan US Value Factor ETF

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.