SHP Wealth Management bought a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 45,732 shares of the company’s stock, valued at approximately $2,889,000.
Several other hedge funds have also made changes to their positions in the company. Savant Capital LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 10.8% during the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after buying an additional 996,453 shares in the last quarter. Signaturefd LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.2% in the fourth quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after acquiring an additional 66,385 shares in the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock valued at $187,030,000 after acquiring an additional 293,117 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock worth $185,721,000 after acquiring an additional 50,109 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in JPMorgan U.S. Quality Factor ETF by 53.0% in the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after acquiring an additional 702,461 shares during the period.
JPMorgan U.S. Quality Factor ETF Price Performance
Shares of JPMorgan U.S. Quality Factor ETF stock opened at $71.42 on Friday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $58.31 and a 1 year high of $72.31. The firm’s 50-day moving average is $68.29 and its two-hundred day moving average is $65.12. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.
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.
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