Waterway Wealth Management LLC Takes $10.50 Million Position in JPMorgan U.S. Quality Factor ETF $JQUA

Waterway Wealth Management LLC bought a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 166,840 shares of the company’s stock, valued at approximately $10,496,000. JPMorgan U.S. Quality Factor ETF makes up approximately 2.0% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the second quarter worth $25,000. Harbour Investments Inc. increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 26.5% in the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares in the last quarter. Parkworth Wealth Management Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth $55,000. Asset Dedication LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 840.0% during the 2nd quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after purchasing an additional 840 shares during the period. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock worth $57,000 after buying an additional 326 shares in the last quarter.

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

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $64.18 on Tuesday. The stock has a 50 day moving average of $63.86 and a 200 day moving average of $62.71. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $64.90. The firm has a market cap of $7.60 billion, a PE ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. Quality Factor ETF Company 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.