Ballast Financial Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 56,283 shares of the company’s stock, valued at approximately $3,556,000. JPMorgan U.S. Quality Factor ETF comprises approximately 3.7% of Ballast Financial Advisors LLC’s holdings, making the stock its 7th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JQUA. Operose Advisors LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 65.5% in the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after acquiring an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at $39,000. Wealth Watch Advisors INC acquired a new position in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at $57,000. Smartleaf Asset Management LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after acquiring an additional 998 shares in the last quarter. Finally, Longview Financial Advisors LLC acquired a new position in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at $66,000.
JPMorgan U.S. Quality Factor ETF Price Performance
Shares of NYSEARCA JQUA opened at $70.54 on Thursday. The stock has a market capitalization of $7.93 billion, a PE ratio of 23.86 and a beta of 0.91. The business has a fifty day moving average price of $67.95 and a two-hundred day moving average price of $65.02. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $58.31 and a fifty-two week high of $72.31.
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.
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