Gibbs Wealth Management Grows Position in JPMorgan U.S. Quality Factor ETF $JQUA

Gibbs Wealth Management raised its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 114.5% in the first quarter, HoldingsChannel.com reports. The fund owned 92,546 shares of the company’s stock after purchasing an additional 49,407 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises approximately 0.7% of Gibbs Wealth Management’s portfolio, making the stock its 28th biggest position. Gibbs Wealth Management’s holdings in JPMorgan U.S. Quality Factor ETF were worth $5,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in JQUA. American Financial Advisors LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 6.8% in the 1st quarter. American Financial Advisors LLC now owns 23,566 shares of the company’s stock valued at $1,445,000 after purchasing an additional 1,510 shares during the last quarter. Cetera Investment Advisers lifted its holdings in JPMorgan U.S. Quality Factor ETF by 41.7% in the 1st quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after purchasing an additional 303,867 shares in the last quarter. Lavaca Capital LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 24.2% during the 1st quarter. Lavaca Capital LLC now owns 2,409 shares of the company’s stock worth $148,000 after purchasing an additional 470 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 1st quarter worth about $1,128,000. Finally, Petra Financial Advisors Inc. grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 6.2% during the first quarter. Petra Financial Advisors Inc. now owns 197,028 shares of the company’s stock worth $12,082,000 after buying an additional 11,544 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

NYSEARCA:JQUA opened at $71.22 on Friday. The firm has a market cap of $8.09 billion, a PE ratio of 23.86 and a beta of 0.91. The firm has a 50 day simple moving average of $71.01 and a 200-day simple moving average of $66.51. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.46 and a 1-year high of $72.66.

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.