Independent Financial Group LLC Purchases New Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Independent Financial Group LLC acquired a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 170,851 shares of the company’s stock, valued at approximately $10,477,000. Independent Financial Group LLC owned about 0.15% of JPMorgan U.S. Quality Factor ETF at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. World Investment Advisors boosted its position in JPMorgan U.S. Quality Factor ETF by 1.9% in the 1st quarter. World Investment Advisors now owns 8,608 shares of the company’s stock valued at $528,000 after buying an additional 160 shares during the last quarter. Florida Financial Advisors LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.0% in the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock valued at $1,048,000 after buying an additional 161 shares during the period. Axis Wealth Partners LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 4.9% during the first quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 0.3% during the first quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock worth $3,529,000 after acquiring an additional 186 shares during the last quarter. Finally, Redwood Financial Network Corp raised its position in shares of JPMorgan U.S. Quality Factor ETF by 5.7% during the second quarter. Redwood Financial Network Corp now owns 4,263 shares of the company’s stock worth $256,000 after acquiring an additional 228 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Up 0.2%

Shares of JQUA opened at $72.11 on Friday. The stock’s fifty day simple moving average is $70.67 and its 200-day simple moving average is $66.23. The firm has a market capitalization of $8.15 billion, a PE ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.46 and a 12-month high of $72.66.

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.