Vertex Planning Partners LLC Boosts Stake in JPMorgan U.S. Quality Factor ETF $JQUA

Vertex Planning Partners LLC raised its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 641,311 shares of the company’s stock after purchasing an additional 8,857 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for 8.0% of Vertex Planning Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Vertex Planning Partners LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $38,511,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Keystone Global Partners LLC grew its position in JPMorgan U.S. Quality Factor ETF by 77.7% during the second quarter. Keystone Global Partners LLC now owns 117,713 shares of the company’s stock worth $7,069,000 after buying an additional 51,468 shares in the last quarter. Sovran Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter valued at about $221,000. Beacon Pointe Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at about $2,308,000. Western Wealth Management LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 2.9% during the 2nd quarter. Western Wealth Management LLC now owns 64,975 shares of the company’s stock valued at $3,902,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Brueske Advisory Services LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 97.3% during the second quarter. Brueske Advisory Services LLC now owns 33,876 shares of the company’s stock worth $2,034,000 after purchasing an additional 16,706 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Up 0.5%

JQUA stock opened at $63.61 on Monday. The company’s 50 day moving average is $62.52 and its 200 day moving average is $61.31. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $63.77.

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.