Investment Planning Advisors Inc. Makes New $410,000 Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Investment Planning Advisors Inc. acquired a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the second quarter, HoldingsChannel.com reports. The fund acquired 6,824 shares of the company’s stock, valued at approximately $410,000.

A number of other large investors have also modified their holdings of the company. LPL Financial LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 17.8% during the 1st quarter. LPL Financial LLC now owns 4,388,159 shares of the company’s stock worth $247,799,000 after purchasing an additional 661,733 shares during the last quarter. LVZ Inc. acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the 1st quarter worth about $36,901,000. Facet Wealth Inc. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 227.7% during the 1st quarter. Facet Wealth Inc. now owns 938,130 shares of the company’s stock worth $53,417,000 after purchasing an additional 651,818 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 22.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after purchasing an additional 305,026 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 2,766.6% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 280,298 shares of the company’s stock worth $15,828,000 after purchasing an additional 270,520 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Up 0.3%

JQUA opened at $63.14 on Friday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $63.20. The company has a 50-day moving average price of $61.80 and a 200 day moving average price of $59.06. The company has a market cap of $7.19 billion, a PE ratio of 23.86 and a beta of 0.92.

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.