Goldstone Financial Group LLC Invests $23.25 Million in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Goldstone Financial Group LLC purchased a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 411,001 shares of the company’s stock, valued at approximately $23,250,000. JPMorgan US Quality Factor ETF makes up approximately 4.0% of Goldstone Financial Group LLC’s investment portfolio, making the stock its 4th largest holding. Goldstone Financial Group LLC owned about 0.51% of JPMorgan US Quality Factor ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC acquired a new position in JPMorgan US Quality Factor ETF in the 1st quarter worth about $557,000. Private Advisor Group LLC increased its stake in shares of JPMorgan US Quality Factor ETF by 35.1% in the first quarter. Private Advisor Group LLC now owns 42,546 shares of the company’s stock valued at $2,249,000 after buying an additional 11,061 shares during the period. Diversify Advisory Services LLC acquired a new stake in JPMorgan US Quality Factor ETF during the 1st quarter worth approximately $832,000. Janney Montgomery Scott LLC grew its holdings in JPMorgan US Quality Factor ETF by 21.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 673,419 shares of the company’s stock worth $35,604,000 after acquiring an additional 120,765 shares during the last quarter. Finally, REDW Wealth LLC increased its position in JPMorgan US Quality Factor ETF by 3.1% in the 1st quarter. REDW Wealth LLC now owns 603,954 shares of the company’s stock valued at $31,931,000 after acquiring an additional 17,924 shares during the period.

JPMorgan US Quality Factor ETF Stock Performance

JQUA stock opened at $56.67 on Thursday. JPMorgan US Quality Factor ETF has a 52-week low of $41.80 and a 52-week high of $57.90. The company has a market capitalization of $4.59 billion, a P/E ratio of 25.27 and a beta of 0.94. The company has a fifty day moving average price of $56.07 and a 200-day moving average price of $53.71.

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.