Gibbs Wealth Management Sells 19,580 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Gibbs Wealth Management trimmed its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 33.2% during the third quarter, Holdings Channel reports. The firm owned 39,346 shares of the company’s stock after selling 19,580 shares during the quarter. Gibbs Wealth Management’s holdings in JPMorgan U.S. Quality Factor ETF were worth $2,475,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 2.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock valued at $45,338,000 after buying an additional 19,436 shares in the last quarter. Keystone Global Partners LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 77.7% in the second quarter. Keystone Global Partners LLC now owns 117,713 shares of the company’s stock valued at $7,069,000 after purchasing an additional 51,468 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the second quarter valued at approximately $1,066,000. Beacon Pointe Advisors LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the second quarter valued at approximately $2,308,000. Finally, Able Wealth Management LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 50.8% during the third quarter. Able Wealth Management LLC now owns 190,240 shares of the company’s stock worth $11,968,000 after buying an additional 64,063 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Down 0.0%

Shares of NYSEARCA:JQUA opened at $64.29 on Friday. The stock has a market cap of $7.66 billion, a PE ratio of 23.86 and a beta of 0.93. The stock’s fifty day simple moving average is $63.38 and its two-hundred day simple moving average is $62.39. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $64.82.

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.