JPMorgan U.S. Quality Factor ETF $JQUA Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 431,073 shares of the company’s stock after selling 11,700 shares during the period. NewEdge Advisors LLC owned about 0.38% of JPMorgan U.S. Quality Factor ETF worth $31,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC lifted its stake in shares of 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 purchasing an additional 235 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in JPMorgan U.S. Quality Factor ETF during the fourth quarter worth $39,000. Wealth Watch Advisors INC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter valued at $57,000. Smartleaf Asset Management LLC grew its position in JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after buying an additional 998 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the fourth quarter valued at $71,000.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $73.45 on Thursday. The company has a fifty day moving average of $73.36 and a two-hundred day moving average of $68.90. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.70 and a fifty-two week high of $75.64.

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.