Merit Financial Group LLC Has $9.04 Million Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Merit Financial Group LLC trimmed its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,078 shares of the company’s stock after selling 8,047 shares during the period. Merit Financial Group LLC owned approximately 0.12% of JPMorgan U.S. Quality Factor ETF worth $9,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of JQUA. Savant Capital LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 10.5% during the 3rd quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock worth $582,579,000 after buying an additional 878,484 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 53.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after buying an additional 702,461 shares in the last quarter. Warren Street Wealth Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $40,299,000. Savvy Advisors Inc. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 64.4% during the 4th quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock worth $85,834,000 after buying an additional 532,063 shares in the last quarter. Finally, LVZ Inc. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 48.5% during the 3rd quarter. LVZ Inc. now owns 997,493 shares of the company’s stock worth $62,752,000 after buying an additional 325,663 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

JPMorgan U.S. Quality Factor ETF stock opened at $65.63 on Friday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 52-week low of $51.76 and a 52-week high of $65.81. The stock’s 50 day moving average price is $63.11 and its two-hundred day moving average price is $63.15.

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.