Concord Wealth Partners Sells 157,142 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Concord Wealth Partners reduced its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 89.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,469 shares of the company’s stock after selling 157,142 shares during the period. Concord Wealth Partners’ holdings in JPMorgan U.S. Quality Factor ETF were worth $1,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JQUA. Avidian Wealth Enterprises LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 2.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock worth $45,338,000 after purchasing an additional 19,436 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the second quarter valued at approximately $1,066,000. Beacon Pointe Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the second quarter worth approximately $2,308,000. Able Wealth Management LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 50.8% in the third quarter. Able Wealth Management LLC now owns 190,240 shares of the company’s stock worth $11,968,000 after buying an additional 64,063 shares during the period. Finally, Western Wealth Management LLC raised its holdings in 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 buying an additional 1,836 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Up 1.9%

Shares of JQUA opened at $64.07 on Friday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $64.90. The firm has a fifty day simple moving average of $63.84 and a two-hundred day simple moving average of $62.66.

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.