Money Concepts Capital Corp purchased a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,437 shares of the company’s stock, valued at approximately $770,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $651,000. Elm3 Financial Group LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at approximately $893,000. Baird Financial Group Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock valued at $7,961,000 after buying an additional 8,909 shares during the period. ARQ Wealth Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $2,883,000. Finally, Gibbs Wealth Management boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 114.5% in the first quarter. Gibbs Wealth Management now owns 92,546 shares of the company’s stock valued at $5,675,000 after buying an additional 49,407 shares in the last quarter.
JPMorgan U.S. Quality Factor ETF Stock Down 0.3%
JQUA stock traded down $0.22 on Friday, reaching $75.81. 1,113,620 shares of the company’s stock were exchanged, compared to its average volume of 750,033. The stock has a fifty day moving average of $74.94 and a 200-day moving average of $69.91. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.70 and a twelve month high of $76.68. The firm has a market cap of $9.90 billion, a PE ratio of 23.53 and a beta of 0.90.
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.
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