912,525 Shares of JPMorgan U.S. Quality Factor ETF $JQUA Purchased by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the third quarter, HoldingsChannel.com reports. The fund acquired 912,525 shares of the company’s stock, valued at approximately $67,344,000. JPMorgan U.S. Quality Factor ETF comprises 3.1% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.9% in the first quarter. World Investment Advisors now owns 8,608 shares of the company’s stock worth $528,000 after purchasing an additional 160 shares in the last quarter. Axis Wealth Partners LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 4.9% in the first quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the period. Wilkerson Advisory Group LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 2.3% during the first quarter. Wilkerson Advisory Group LLC now owns 8,342 shares of the company’s stock worth $512,000 after purchasing an additional 187 shares in the last quarter. Illumine Investment Management LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 1.2% during the first quarter. Illumine Investment Management LLC now owns 20,480 shares of the company’s stock worth $1,256,000 after purchasing an additional 245 shares in the last quarter. Finally, 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.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA stock opened at $76.51 on Wednesday. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.70 and a 1-year high of $76.57. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. The business has a 50 day simple moving average of $74.72 and a two-hundred day simple moving average of $69.18.

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.