Park Avenue Securities LLC Sells 11,209 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Park Avenue Securities LLC trimmed its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 5.2% in the third quarter, HoldingsChannel.com reports. The fund owned 204,577 shares of the company’s stock after selling 11,209 shares during the period. Park Avenue Securities LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $12,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of JQUA. Savant Capital LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 14.7% in the 2nd quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock valued at $503,341,000 after purchasing an additional 1,072,456 shares during the period. Signaturefd LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.2% in the 2nd quarter. Signaturefd LLC now owns 5,501,136 shares of the company’s stock worth $330,343,000 after buying an additional 120,933 shares during the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.6% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,711,715 shares of the company’s stock worth $162,839,000 after buying an additional 215,460 shares during the last quarter. Midland Wealth Advisors LLC grew its position in 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 buying an additional 53,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in 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 buying an additional 116,345 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA stock opened at $64.07 on Thursday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 52 week low of $49.25 and a 52 week high of $64.38. The firm’s 50-day simple moving average is $62.93 and its two-hundred day simple moving average is $62.05.

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.