Tower Research Capital (TRC)’s JPMorgan US Value Factor ETF JVAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-3,640	Closed	-$173K	–	5395
2025 Q3	$173K	Sell	3,640 -861	-19%	-$39.6K	﹤0.01%	1579
2025 Q2	$199K	Sell	4,501 -1,460	-24%	-$60.2K	0.01%	1788
2025 Q1	$247K	Buy	+5,961	New	+$260K	0.01%	1249
2024 Q4	–	Sell	-13,316	Closed	-$580K	–	5855
2024 Q3	$580K	Buy	13,316 +3,777	+40%	+$159K	0.02%	783
2024 Q2	$390K	Sell	9,539 -6,305	-40%	-$256K	0.01%	1539
2024 Q1	$659K	Buy	15,844 +14,158	+840%	+$558K	0.02%	707
2023 Q4	$65K	Sell	1,686 -18,862	-92%	-$672K	﹤0.01%	2956
2023 Q3	$712K	Buy	+20,548	New	+$740K	0.02%	690
2023 Q2	–	Sell	-5,067	Closed	-$173K	–	6219
2023 Q1	$173K	Buy	+5,067	New	+$174K	0.01%	1451
2022 Q4	–	Sell	-37,571	Closed	-$1.12M	–	6157
2022 Q3	$1.12M	Buy	37,571 +24,150	+180%	+$804K	0.02%	656
2022 Q2	$431K	Sell	13,421 -1,424	-10%	-$49.5K	0.01%	1235
2022 Q1	$549K	Buy	14,845 +12,525	+540%	+$464K	0.01%	1094
2021 Q4	$89K	Buy	+2,320	New	+$86.8K	﹤0.01%	2312