Novem Group Decreases Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Novem Group trimmed its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,302 shares of the company’s stock after selling 15,451 shares during the quarter. Novem Group owned 0.07% of JPMorgan U.S. Quality Factor ETF worth $4,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in JQUA. Cresset Asset Management LLC increased its position in JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after purchasing an additional 745 shares during the period. Qube Research & Technologies Ltd increased its position in JPMorgan U.S. Quality Factor ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock valued at $233,000 after purchasing an additional 541 shares during the period. Main Street Financial Solutions LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $1,062,000. Betterment LLC increased its position in JPMorgan U.S. Quality Factor ETF by 49.2% during the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. increased its position in JPMorgan U.S. Quality Factor ETF by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Up 0.2%

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $65.74 on Tuesday. The company’s fifty day simple moving average is $63.14 and its two-hundred day simple moving average is $63.18. The company has a market cap of $7.37 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 12-month low of $51.76 and a 12-month high of $65.83.

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.