Spectrum Wealth Advisory Group LLC Reduces Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Spectrum Wealth Advisory Group LLC lessened its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 17.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 507,736 shares of the company’s stock after selling 104,227 shares during the period. JPMorgan U.S. Quality Factor ETF comprises about 14.2% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 2nd largest holding. Spectrum Wealth Advisory Group LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $30,490,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the second quarter worth $25,000. Harbour Investments Inc. increased its stake in JPMorgan U.S. Quality Factor ETF by 26.5% in the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares in the last quarter. Hughes Financial Services LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 204.1% during the 2nd quarter. Hughes Financial Services LLC now owns 967 shares of the company’s stock worth $59,000 after buying an additional 649 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 19.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,250 shares of the company’s stock valued at $75,000 after buying an additional 201 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 11.8% during the second quarter. AE Wealth Management LLC now owns 1,777 shares of the company’s stock valued at $107,000 after buying an additional 187 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

JPMorgan U.S. Quality Factor ETF stock opened at $61.66 on Tuesday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $63.74. The firm’s 50 day simple moving average is $62.46 and its 200-day simple moving average is $61.04. The company has a market cap of $7.33 billion, a P/E ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. Quality Factor ETF Profile

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.