Confluence Wealth Services Inc. Invests $14.34 Million in JPMorgan Active Value ETF $JAVA
Confluence Wealth Services Inc. bought a new position in shares of JPMorgan Active Value ETF (NYSEARCA:JAVA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company's stock, valued at approximately $14,344,000. Confluence Wealth Services Inc.
These 2 JPMorgan ETFs are Fantastic
JPMorgan's ETF lineup has grown significantly over the years, and passive investors have taken notice.
JAVA: Unconvincing Value ETF
JPMorgan Active Value ETF has a portfolio of large and mid cap stocks with intrinsic value characteristics. The JAVA ETF is well-diversified across 171 holdings, but quite concentrated in financials. JAVA is less compelling than a number of large cap value ETFs with better returns, lower fees and turnover rates and more transparent strategies.
