NewEdge Advisors LLC Decreases Position in JPMorgan U.S. Quality Factor ETF $JQUA

NewEdge Advisors LLC lessened its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 436,166 shares of the company’s stock after selling 35,238 shares during the quarter. NewEdge Advisors LLC owned approximately 0.39% of JPMorgan U.S. Quality Factor ETF worth $26,746,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Savant Capital LLC lifted 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 valued at $648,035,000 after buying an additional 996,453 shares during the last quarter. Signaturefd LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 1.2% in the 4th 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 during the period. Morgan Stanley lifted its holdings in JPMorgan U.S. Quality Factor ETF by 11.0% during the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock valued at $187,030,000 after purchasing an additional 293,117 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1.7% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock valued at $185,721,000 after purchasing an additional 50,109 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in JPMorgan U.S. Quality Factor ETF by 16.8% during the third quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock worth $106,439,000 after purchasing an additional 243,540 shares during the period.

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

JQUA opened at $71.60 on Thursday. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The firm has a 50-day moving average price of $71.28 and a 200-day moving average price of $66.73. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.46 and a twelve month high of $72.68.

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.