Navalign LLC Makes New $7.64 Million Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Navalign LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,844 shares of the company’s stock, valued at approximately $7,635,000. JPMorgan U.S. Quality Factor ETF comprises approximately 1.9% of Navalign LLC’s investment portfolio, making the stock its 16th largest holding. Navalign LLC owned 0.10% of JPMorgan U.S. Quality Factor ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JQUA. MCF Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000. Wealth Watch Advisors INC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000. Smartleaf Asset Management LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after purchasing an additional 998 shares during the last quarter. Longview Financial Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $66,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 4th quarter worth about $71,000.

JPMorgan U.S. Quality Factor ETF Price Performance

JPMorgan U.S. Quality Factor ETF stock opened at $67.99 on Thursday. The firm’s 50-day moving average is $63.98 and its two-hundred day moving average is $63.62. JPMorgan U.S. Quality Factor ETF has a 12-month low of $57.69 and a 12-month high of $68.46. The stock has a market capitalization of $7.64 billion, a P/E ratio of 23.86 and a beta of 0.90.

JPMorgan U.S. Quality Factor ETF Company 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.