Confluence Wealth Services Inc. Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Confluence Wealth Services Inc. purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,872 shares of the company’s stock, valued at approximately $2,574,000.

A number of other large investors have also added to or reduced their stakes in JQUA. Cornerstone Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth about $22,024,000. D Orazio & Associates Inc. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $15,644,000. Idaho Trust Co purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $440,000. StoneX Group Inc. bought a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth approximately $979,000. Finally, Parallel Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth approximately $41,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA JQUA opened at $75.13 on Wednesday. JPMorgan U.S. Quality Factor ETF has a one year low of $59.70 and a one year high of $76.68. The firm’s 50 day simple moving average is $74.84 and its two-hundred day simple moving average is $69.74. The stock has a market capitalization of $9.68 billion, a P/E ratio of 23.53 and a beta of 0.90.

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.