Royal Bank of Canada Cuts Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Royal Bank of Canada lessened its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 41.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,568 shares of the company’s stock after selling 213,361 shares during the quarter. Royal Bank of Canada owned about 0.27% of JPMorgan U.S. Quality Factor ETF worth $18,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 6.1% in the first quarter. Empowered Funds LLC now owns 16,254 shares of the company’s stock valued at $997,000 after acquiring an additional 934 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of JPMorgan U.S. Quality Factor ETF by 80.6% during the first quarter. Quantinno Capital Management LP now owns 19,133 shares of the company’s stock worth $1,173,000 after purchasing an additional 8,537 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the first quarter worth $240,000. Quadcap Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.9% during the 1st quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock valued at $76,351,000 after purchasing an additional 34,752 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 1st quarter valued at $594,000.

JPMorgan U.S. Quality Factor ETF Price Performance

JPMorgan U.S. Quality Factor ETF stock opened at $73.88 on Friday. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.70 and a 1-year high of $74.84. The business has a fifty day moving average price of $71.68 and a 200-day moving average price of $67.11. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

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.