Collaborative Wealth Managment Inc. Decreases Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Collaborative Wealth Managment Inc. lowered its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 38.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 74,629 shares of the company’s stock after selling 46,139 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises approximately 2.1% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 13th largest holding. Collaborative Wealth Managment Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $4,576,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cresset Asset Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after acquiring an additional 745 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in JPMorgan U.S. Quality Factor ETF by 16.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock valued at $233,000 after purchasing an additional 541 shares in the last quarter. Main Street Financial Solutions LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the 2nd quarter valued at $1,062,000. Betterment LLC raised its position in JPMorgan U.S. Quality Factor ETF by 49.2% in the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. raised its position in JPMorgan U.S. Quality Factor ETF by 23.1% in the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA opened at $72.00 on Thursday. The stock’s 50-day moving average is $70.57 and its two-hundred day moving average is $66.17. The stock has a market cap of $8.14 billion, a PE ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.23 and a 12 month high of $72.66.

JPMorgan U.S. Quality Factor ETF Company 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.