Hughes Financial Services LLC lifted its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,056,570 shares of the company’s stock after purchasing an additional 45,296 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for approximately 10.3% of Hughes Financial Services LLC’s holdings, making the stock its 2nd largest holding. Hughes Financial Services LLC owned about 0.85% of JPMorgan U.S. Quality Factor ETF worth $80,997,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in JQUA. Financial Network Wealth Advisors LLC acquired a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at about $651,000. Elm3 Financial Group LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $893,000. Baird Financial Group Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock worth $7,961,000 after buying an additional 8,909 shares during the period. Independent Financial Group LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the 1st quarter worth about $10,477,000. Finally, Gibbs Wealth Management increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 114.5% in the 1st quarter. Gibbs Wealth Management now owns 92,546 shares of the company’s stock valued at $5,675,000 after acquiring an additional 49,407 shares during the last quarter.
JPMorgan U.S. Quality Factor ETF Price Performance
Shares of JQUA stock opened at $75.34 on Wednesday. The stock has a market cap of $9.53 billion, a PE ratio of 23.53 and a beta of 0.90. The stock has a 50-day moving average of $74.85 and a 200-day moving average of $69.47. JPMorgan U.S. Quality Factor ETF has a one year low of $59.70 and a one year high of $76.68.
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.
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