Cornerstone Wealth LLC TN lessened its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,534 shares of the company’s stock after selling 30,722 shares during the period. JPMorgan U.S. Quality Factor ETF makes up about 2.1% of Cornerstone Wealth LLC TN’s portfolio, making the stock its 18th biggest holding. Cornerstone Wealth LLC TN’s holdings in JPMorgan U.S. Quality Factor ETF were worth $4,368,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Quadcap Wealth Management LLC grew its stake in 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 worth $76,351,000 after buying an additional 34,752 shares during the last quarter. RVW Wealth LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $74,549,000. Avidian Wealth Enterprises LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $73,013,000. Midland Wealth Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter valued at about $67,344,000. Finally, Cetera Investment Advisers raised its stake in JPMorgan U.S. Quality Factor ETF by 41.7% in the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after buying an additional 303,867 shares during the last quarter.
JPMorgan U.S. Quality Factor ETF Stock Up 0.1%
JPMorgan U.S. Quality Factor ETF stock opened at $76.66 on Friday. The business’s 50-day moving average price is $74.80 and its 200 day moving average price is $69.31. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $76.68.
About JPMorgan U.S. Quality Factor ETF
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.
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