REDW Wealth LLC Sells 24,766 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

REDW Wealth LLC reduced its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.8% during the 4th quarter, Holdings Channel reports. The firm owned 339,797 shares of the company’s stock after selling 24,766 shares during the period. JPMorgan U.S. Quality Factor ETF makes up 8.2% of REDW Wealth LLC’s holdings, making the stock its 2nd biggest holding. REDW Wealth LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $21,468,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Savant Capital LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 10.5% in the third quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock valued at $582,579,000 after purchasing an additional 878,484 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 53.0% during the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after buying an additional 702,461 shares during the last quarter. Warren Street Wealth Advisors LLC bought a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $40,299,000. Savvy Advisors Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 64.4% during the 4th quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock worth $85,834,000 after buying an additional 532,063 shares during the period. Finally, LVZ Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 48.5% during the 3rd quarter. LVZ Inc. now owns 997,493 shares of the company’s stock worth $62,752,000 after buying an additional 325,663 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA stock opened at $65.77 on Friday. The stock has a market cap of $7.39 billion, a PE ratio of 23.86 and a beta of 0.91. The stock has a 50-day moving average of $63.25 and a 200-day moving average of $63.23. JPMorgan U.S. Quality Factor ETF has a one year low of $54.23 and a one year high of $66.10.

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.