Market Street Wealth Management Advisors LLC Sells 2,882 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Market Street Wealth Management Advisors LLC trimmed its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 38.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,655 shares of the company’s stock after selling 2,882 shares during the quarter. Market Street Wealth Management Advisors LLC’s holdings in JPMorgan US Quality Factor ETF were worth $223,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 3rd quarter worth $41,000. Fifth Third Bancorp purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $55,000. Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $59,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $61,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $69,000.

JPMorgan US Quality Factor ETF Stock Down 1.3 %

Shares of NYSEARCA JQUA traded down $0.66 during mid-day trading on Friday, reaching $51.13. 468,331 shares of the company were exchanged, compared to its average volume of 714,002. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 25.51 and a beta of 0.95. JPMorgan US Quality Factor ETF has a 1 year low of $40.64 and a 1 year high of $53.03. The firm has a 50-day moving average of $51.71 and a 200 day moving average of $47.91.

JPMorgan US Quality Factor ETF 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.