Savvy Advisors Inc. Purchases 215,917 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Savvy Advisors Inc. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 35.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 826,496 shares of the company’s stock after purchasing an additional 215,917 shares during the period. JPMorgan U.S. Quality Factor ETF comprises approximately 2.4% of Savvy Advisors Inc.’s investment portfolio, making the stock its 7th biggest position. Savvy Advisors Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $51,995,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 2.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock worth $45,338,000 after purchasing an additional 19,436 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter worth $1,066,000. Beacon Pointe Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter worth $2,308,000. Able Wealth Management LLC increased its position 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 during the last quarter. Finally, Western Wealth Management LLC increased its position in JPMorgan U.S. Quality Factor ETF by 2.9% during the second quarter. Western Wealth Management LLC now owns 64,975 shares of the company’s stock worth $3,902,000 after buying an additional 1,836 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $64.19 on Thursday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 23.86 and a beta of 0.93. The business has a 50-day moving average of $63.90 and a two-hundred day moving average of $62.74. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $64.90.

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.