Elm3 Financial Group LLC Sells 1,671 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Elm3 Financial Group LLC lowered its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,645 shares of the company’s stock after selling 1,671 shares during the quarter. JPMorgan U.S. Quality Factor ETF makes up about 0.9% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 28th largest holding. Elm3 Financial Group LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,060,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Continuum Advisory LLC increased its position in JPMorgan U.S. Quality Factor ETF by 775.0% during the 1st quarter. Continuum Advisory LLC now owns 455 shares of the company’s stock valued at $26,000 after purchasing an additional 403 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 68.5% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 578 shares of the company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Wagner Wealth Management LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 516.3% during the 1st quarter. Wagner Wealth Management LLC now owns 604 shares of the company’s stock valued at $34,000 after purchasing an additional 506 shares in the last quarter. CX Institutional purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the first quarter valued at about $43,000. Finally, GPS Wealth Strategies Group LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 49.9% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,049 shares of the company’s stock worth $59,000 after buying an additional 349 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

JPMorgan U.S. Quality Factor ETF stock opened at $63.16 on Tuesday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $63.43. The stock’s 50 day simple moving average is $61.88 and its two-hundred day simple moving average is $59.18. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 23.86 and a beta of 0.92.

About JPMorgan U.S. Quality Factor ETF

The JPMorgan U.S. Quality Factor ETF (JQUA) is an exchange-traded fund that is based on the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 using three quality factors: profitability, earnings, and solvency. JQUA was launched on Nov 8, 2017 and is managed by JPMorgan Chase.