N.E.W. Advisory Services LLC Increases Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

N.E.W. Advisory Services LLC increased its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,207 shares of the company’s stock after purchasing an additional 4,220 shares during the period. N.E.W. Advisory Services LLC owned approximately 0.07% of JPMorgan US Quality Factor ETF worth $3,029,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the fourth quarter valued at approximately $736,000. Levy Wealth Management Group LLC boosted its holdings in JPMorgan US Quality Factor ETF by 15.6% during the 2nd quarter. Levy Wealth Management Group LLC now owns 634,321 shares of the company’s stock valued at $33,587,000 after acquiring an additional 85,617 shares during the period. Saratoga Research & Investment Management boosted its holdings in JPMorgan US Quality Factor ETF by 14,600.8% during the 4th quarter. Saratoga Research & Investment Management now owns 757,534 shares of the company’s stock valued at $36,256,000 after acquiring an additional 752,381 shares during the period. Royal Harbor Partners LLC grew its position in JPMorgan US Quality Factor ETF by 12.3% in the 4th quarter. Royal Harbor Partners LLC now owns 136,490 shares of the company’s stock valued at $6,532,000 after acquiring an additional 14,896 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in JPMorgan US Quality Factor ETF in the fourth quarter worth $1,993,000.

JPMorgan US Quality Factor ETF Trading Down 0.6 %

NYSEARCA:JQUA opened at $54.42 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a twelve month low of $41.37 and a twelve month high of $55.81. The stock has a fifty day simple moving average of $53.79 and a 200-day simple moving average of $52.52.

JPMorgan US 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.