Ehrlich Financial Group Lowers Position in JPMorgan U.S. Quality Factor ETF $JQUA

Ehrlich Financial Group lessened its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 82.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,613 shares of the company’s stock after selling 45,779 shares during the quarter. Ehrlich Financial Group’s holdings in JPMorgan U.S. Quality Factor ETF were worth $695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cresset Asset Management LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after buying 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% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after acquiring an additional 541 shares during the last quarter. Main Street Financial Solutions LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the second quarter worth $1,062,000. Betterment LLC grew its position in JPMorgan U.S. Quality Factor ETF by 49.2% in the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after acquiring an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position 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 acquiring an additional 271,538 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Up 0.9%

JQUA opened at $74.53 on Friday. The business’s fifty day simple moving average is $71.75 and its 200 day simple moving average is $67.16. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $74.84. The stock has a market cap of $8.48 billion, a PE ratio of 23.86 and a beta of 0.90.

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.