Strategent Financial LLC Has $23.27 Million Position in JPMorgan U.S. Quality Factor ETF $JQUA

Strategent Financial LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 379,444 shares of the company’s stock after purchasing an additional 11,835 shares during the period. JPMorgan U.S. Quality Factor ETF comprises about 15.8% of Strategent Financial LLC’s portfolio, making the stock its 2nd largest holding. Strategent Financial LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $23,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cresset Asset Management LLC increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 12.5% during the second 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 lifted its holdings in shares of 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 worth $233,000 after purchasing an additional 541 shares in the last quarter. Main Street Financial Solutions LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth $1,062,000. Betterment LLC grew its position in JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd 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. grew its position in JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd 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 Trading Up 0.2%

Shares of JQUA stock opened at $70.27 on Thursday. The firm has a market capitalization of $7.90 billion, a PE ratio of 23.86 and a beta of 0.91. The firm has a fifty day simple moving average of $68.73 and a two-hundred day simple moving average of $65.30. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.03 and a 12 month high of $72.31.

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.