Petra Financial Advisors Inc. Has $12.08 Million Position in JPMorgan U.S. Quality Factor ETF $JQUA

Petra Financial Advisors Inc. increased its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,028 shares of the company’s stock after acquiring an additional 11,544 shares during the period. JPMorgan U.S. Quality Factor ETF comprises approximately 7.5% of Petra Financial Advisors Inc.’s holdings, making the stock its largest position. Petra Financial Advisors Inc. owned approximately 0.18% of JPMorgan U.S. Quality Factor ETF worth $12,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Operose Advisors LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 65.5% during the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after purchasing an additional 235 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 4th quarter worth $39,000. Wealth Watch Advisors INC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $57,000. Smartleaf Asset Management LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after purchasing an additional 998 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the fourth quarter worth $71,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $72.00 on Wednesday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $59.46 and a 1 year high of $72.66. The company has a market cap of $8.16 billion, a P/E ratio of 23.86 and a beta of 0.91. The stock’s fifty day moving average price is $70.88 and its 200-day moving average price is $66.40.

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.