Envestnet Asset Management Inc. Buys 112,010 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Envestnet Asset Management Inc. increased its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 943,733 shares of the company’s stock after buying an additional 112,010 shares during the quarter. Envestnet Asset Management Inc. owned about 0.80% of JPMorgan U.S. Quality Factor ETF worth $59,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Savant Capital LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 14.7% in the 2nd quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock worth $503,341,000 after acquiring an additional 1,072,456 shares during the last quarter. Warren Street Wealth Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth about $40,299,000. Intellus Advisors LLC raised its position in JPMorgan U.S. Quality Factor ETF by 181.2% in the 2nd quarter. Intellus Advisors LLC now owns 523,325 shares of the company’s stock worth $31,426,000 after purchasing an additional 337,229 shares during the period. LVZ Inc. lifted its stake in JPMorgan U.S. Quality Factor ETF by 48.5% in the third quarter. LVZ Inc. now owns 997,493 shares of the company’s stock worth $62,752,000 after purchasing an additional 325,663 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 29.6% during the second quarter. JPMorgan Chase & Co. now owns 1,325,435 shares of the company’s stock valued at $79,592,000 after buying an additional 302,640 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $64.18 on Tuesday. The stock’s 50 day moving average price is $63.86 and its 200-day moving average price is $62.71. JPMorgan U.S. Quality Factor ETF has a one year low of $49.25 and a one year high of $64.90. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. 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.