J. R. Prunier Capital Management LLC Reduces Stake in JPMorgan U.S. Quality Factor ETF $JQUA

J. R. Prunier Capital Management LLC reduced its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 49.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,678 shares of the company’s stock after selling 22,242 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises about 0.6% of J. R. Prunier Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. J. R. Prunier Capital Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JQUA. Cornerstone Wealth LLC TN bought a new position in JPMorgan U.S. Quality Factor ETF during the first quarter valued at $7,783,000. IFS Group LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter worth about $340,000. Empowered Funds LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 6.1% during the 1st quarter. Empowered Funds LLC now owns 16,254 shares of the company’s stock worth $997,000 after purchasing an additional 934 shares during the period. Quantinno Capital Management LP boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 80.6% during the 1st 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 during the period. Finally, Gateway Wealth Partners LLC bought a new position in JPMorgan U.S. Quality Factor ETF during the 1st quarter valued at about $240,000.

JPMorgan U.S. Quality Factor ETF Price Performance

JPMorgan U.S. Quality Factor ETF stock opened at $72.22 on Monday. The firm has a market capitalization of $8.22 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.46 and a 1-year high of $72.68. The company’s 50-day moving average is $71.40 and its 200 day moving average is $66.84.

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.