Waterway Wealth Management LLC increased its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,272 shares of the company’s stock after purchasing an additional 40,432 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for 2.4% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Waterway Wealth Management LLC owned about 0.17% of JPMorgan U.S. Quality Factor ETF worth $13,095,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in JPMorgan U.S. Quality Factor ETF by 13.6% during the fourth quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock valued at $7,509,000 after acquiring an additional 14,215 shares during the period. HighTower Advisors LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 13.4% in the third quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock worth $24,242,000 after acquiring an additional 45,556 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 71.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 313,401 shares of the company’s stock worth $19,801,000 after acquiring an additional 131,103 shares in the last quarter. Breakwater Capital Group lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.4% in the fourth quarter. Breakwater Capital Group now owns 414,268 shares of the company’s stock worth $26,173,000 after acquiring an additional 42,271 shares in the last quarter. Finally, Intellus Advisors LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 32.8% in the third quarter. Intellus Advisors LLC now owns 695,154 shares of the company’s stock worth $43,732,000 after acquiring an additional 171,829 shares in the last quarter.
JPMorgan U.S. Quality Factor ETF Stock Down 1.0%
Shares of NYSEARCA JQUA opened at $71.32 on Wednesday. The stock’s 50 day moving average price is $67.78 and its two-hundred day moving average price is $64.97. JPMorgan U.S. Quality Factor ETF has a 52-week low of $58.31 and a 52-week high of $72.31. The stock has a market capitalization of $8.02 billion, a P/E ratio of 23.86 and a beta of 0.91.
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.
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