Petra Financial Advisors Inc. Raises Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Petra Financial Advisors Inc. raised its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 191,529 shares of the company’s stock after buying an additional 12,615 shares during the period. JPMorgan U.S. Quality Factor ETF makes up 7.0% of Petra Financial Advisors Inc.’s portfolio, making the stock its biggest holding. Petra Financial Advisors Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $12,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 10.5% in the 3rd quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock valued at $582,579,000 after buying an additional 878,484 shares during the last quarter. Sage Mountain Advisors LLC increased its position in JPMorgan U.S. Quality Factor ETF by 6.6% in the 3rd quarter. Sage Mountain Advisors LLC now owns 2,889,443 shares of the company’s stock valued at $181,775,000 after acquiring an additional 177,728 shares during the period. JPMorgan Chase & Co. raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 53.0% during the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock valued at $127,575,000 after acquiring an additional 702,461 shares during the last quarter. Midland Wealth Advisors LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 2.7% during the second quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock valued at $121,683,000 after acquiring an additional 53,000 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,752,280 shares of the company’s stock worth $105,224,000 after purchasing an additional 116,345 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Up 0.7%

NYSEARCA JQUA opened at $63.75 on Monday. The company has a market capitalization of $7.55 billion, a price-to-earnings 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 stock has a fifty day simple moving average of $63.91 and a 200 day simple moving average of $62.78.

About JPMorgan U.S. Quality Factor ETF

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.