8,815 Shares of JPMorgan U.S. Quality Factor ETF $JQUA Purchased by Financial Network Wealth Advisors LLC

Financial Network Wealth Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,815 shares of the company’s stock, valued at approximately $651,000. JPMorgan U.S. Quality Factor ETF makes up approximately 0.6% of Financial Network Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding.

A number of other hedge funds also recently modified their holdings of JQUA. Quadcap Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.9% during the 1st quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock valued at $76,351,000 after purchasing an additional 34,752 shares in the last quarter. RVW Wealth LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $74,549,000. Avidian Wealth Enterprises LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $73,013,000. Midland Wealth Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $67,344,000. Finally, Cetera Investment Advisers raised its holdings in JPMorgan U.S. Quality Factor ETF by 41.7% during the 1st quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock worth $63,311,000 after buying an additional 303,867 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA stock opened at $76.66 on Friday. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $76.68. The company’s 50 day moving average price is $74.80 and its two-hundred day moving average price is $69.31. The company has a market capitalization of $9.54 billion, a P/E ratio of 23.86 and a beta of 0.90.

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.