Marks Group Wealth Management Inc Makes New $688,000 Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Marks Group Wealth Management Inc bought a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the fourth quarter, HoldingsChannel.com reports. The firm bought 10,883 shares of the company’s stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Savant Capital LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 10.8% during the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after buying an additional 996,453 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in JPMorgan U.S. Quality Factor ETF by 53.0% in the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock valued at $127,575,000 after buying an additional 702,461 shares during the period. Savvy Advisors Inc. lifted its holdings in JPMorgan U.S. Quality Factor ETF by 64.4% in the fourth quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock valued at $85,834,000 after buying an additional 532,063 shares during the period. Ameritas Advisory Services LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 266.7% in the third quarter. Ameritas Advisory Services LLC now owns 401,081 shares of the company’s stock valued at $25,232,000 after buying an additional 291,693 shares during the period. Finally, Raymond James Financial Inc. raised its holdings 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 worth $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $70.11 on Wednesday. The firm’s fifty day moving average is $66.83 and its two-hundred day moving average is $64.64. The firm has a market cap of $7.88 billion, a PE ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a twelve month low of $58.31 and a twelve month high of $72.18.

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.