Horizon Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,901 shares of the company’s stock, valued at approximately $583,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at approximately $651,000. Elm3 Financial Group LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth $893,000. Baird Financial Group Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock worth $7,961,000 after purchasing an additional 8,909 shares in the last quarter. Independent Financial Group LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the 1st quarter valued at $10,477,000. Finally, Gibbs Wealth Management grew its position in JPMorgan U.S. Quality Factor ETF by 114.5% in the 1st quarter. Gibbs Wealth Management now owns 92,546 shares of the company’s stock valued at $5,675,000 after purchasing an additional 49,407 shares during the period.
JPMorgan U.S. Quality Factor ETF Trading Down 3.9%
Shares of JQUA stock opened at $73.40 on Friday. The firm has a market capitalization of $9.29 billion, a PE ratio of 23.53 and a beta of 0.90. The firm has a fifty day simple moving average of $74.86 and a two-hundred day simple moving average of $69.58. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.70 and a 12 month high of $76.68.
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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