Waverly Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,694 shares of the company’s stock, valued at approximately $594,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 13.6% during the 4th quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock worth $7,509,000 after buying an additional 14,215 shares during the period. Lawood & Co. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at about $7,875,000. Able Wealth Management LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 19.2% in the 4th quarter. Able Wealth Management LLC now owns 226,731 shares of the company’s stock valued at $14,325,000 after acquiring an additional 36,491 shares during the last quarter. Kelly Financial Group LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 4.7% in the 4th quarter. Kelly Financial Group LLC now owns 260,373 shares of the company’s stock valued at $16,450,000 after acquiring an additional 11,773 shares during the period. Finally, Portside Wealth Group LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 24.1% in the 4th quarter. Portside Wealth Group LLC now owns 52,138 shares of the company’s stock valued at $3,294,000 after acquiring an additional 10,133 shares during the period.
JPMorgan U.S. Quality Factor ETF Price Performance
JPMorgan U.S. Quality Factor ETF stock opened at $72.22 on Monday. The company’s 50 day simple moving average is $71.40 and its 200 day simple moving average is $66.84. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.46 and a fifty-two week high of $72.68. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.
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.
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