Cornerstone Wealth LLC TN Invests $7.78 Million in JPMorgan U.S. Quality Factor ETF $JQUA

Cornerstone Wealth LLC TN acquired a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 118,802 shares of the company’s stock, valued at approximately $7,783,000. JPMorgan U.S. Quality Factor ETF comprises about 4.4% of Cornerstone Wealth LLC TN’s investment portfolio, making the stock its 4th biggest position. Cornerstone Wealth LLC TN owned approximately 0.11% of JPMorgan U.S. Quality Factor ETF as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Operose Advisors LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after acquiring an additional 235 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in JPMorgan U.S. Quality Factor ETF during the fourth quarter worth approximately $39,000. Wealth Watch Advisors INC bought a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth approximately $57,000. Smartleaf Asset Management LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 1,782.1% in 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 shares of JPMorgan U.S. Quality Factor ETF during the 4th quarter worth approximately $71,000.

JPMorgan U.S. Quality Factor ETF Stock Down 0.6%

NYSEARCA:JQUA opened at $71.60 on Thursday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.46 and a twelve month high of $72.68. The company has a fifty day moving average of $71.28 and a 200-day moving average of $66.73.

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.