Valley National Advisers Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,507 shares of the company’s stock, valued at approximately $2,251,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JQUA. Fortitude Family Office LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the third quarter worth about $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $40,000. Root Financial Partners LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter valued at about $60,000. DHJJ Financial Advisors Ltd. acquired a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $67,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $77,000.
JPMorgan U.S. Quality Factor ETF Trading Down 0.3%
Shares of NYSEARCA JQUA opened at $75.92 on Friday. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $76.43. The company has a market cap of $9.35 billion, a P/E ratio of 23.86 and a beta of 0.90. The stock has a fifty day moving average price of $74.65 and a 200 day moving average price of $71.55.
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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