Redhawk Wealth Advisors Inc. Lowers Position in JPMorgan U.S. Quality Factor ETF $JQUA

Redhawk Wealth Advisors Inc. decreased its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 14.0% during the third quarter, HoldingsChannel reports. The firm owned 123,209 shares of the company’s stock after selling 20,135 shares during the period. JPMorgan U.S. Quality Factor ETF comprises 0.9% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 27th largest holding. Redhawk Wealth Advisors Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $7,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JQUA. Savant Capital LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 14.7% during the second quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock valued at $503,341,000 after purchasing an additional 1,072,456 shares in the last quarter. Signaturefd LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 2.2% during the 2nd quarter. Signaturefd LLC now owns 5,501,136 shares of the company’s stock valued at $330,343,000 after acquiring an additional 120,933 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.6% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,711,715 shares of the company’s stock valued at $162,839,000 after acquiring an additional 215,460 shares during the period. Midland Wealth Advisors LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 2.7% in the 2nd quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock worth $121,683,000 after acquiring an additional 53,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 7.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,752,280 shares of the company’s stock worth $105,224,000 after purchasing an additional 116,345 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA stock opened at $63.28 on Friday. The stock’s 50-day moving average is $62.62 and its 200 day moving average is $61.59. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $64.35. The company has a market cap of $7.52 billion, a P/E ratio of 23.86 and a beta of 0.93.

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.