FDx Advisors Inc. Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

FDx Advisors 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 64,842 shares of the company’s stock, valued at approximately $4,785,000. JPMorgan U.S. Quality Factor ETF makes up about 1.5% of FDx Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. FDx Advisors Inc. owned about 0.05% of JPMorgan U.S. Quality Factor ETF as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Financial Network Wealth Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $651,000. Elm3 Financial Group LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $893,000. Baird Financial Group Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock valued at $7,961,000 after acquiring an additional 8,909 shares during the last quarter. ARQ Wealth Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the third quarter worth about $2,883,000. Finally, Gibbs Wealth Management grew its position in JPMorgan U.S. Quality Factor ETF by 114.5% in the first quarter. Gibbs Wealth Management now owns 92,546 shares of the company’s stock worth $5,675,000 after acquiring an additional 49,407 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 0.3%

JQUA traded down $0.22 on Friday, hitting $75.81. The company had a trading volume of 1,113,620 shares, compared to its average volume of 750,033. The business’s fifty day simple moving average is $74.94 and its 200 day simple moving average is $69.91. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $76.68. The company has a market cap of $9.90 billion, a PE ratio of 23.53 and a beta of 0.90.

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.