NewEdge Advisors LLC reduced its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 442,773 shares of the company’s stock after selling 28,631 shares during the quarter. NewEdge Advisors LLC owned about 0.39% of JPMorgan U.S. Quality Factor ETF worth $27,151,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Operose Advisors LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after buying an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in JPMorgan U.S. Quality Factor ETF in the fourth quarter worth about $39,000. Wealth Watch Advisors INC bought a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth about $57,000. Smartleaf Asset Management LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after acquiring an additional 998 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at about $71,000.
JPMorgan U.S. Quality Factor ETF Trading Up 0.9%
NYSEARCA:JQUA opened at $74.53 on Friday. The company has a 50-day moving average of $71.75 and a 200-day moving average of $67.16. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.70 and a twelve month high of $74.84.
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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