Intelligence Driven Advisers LLC Trims Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Intelligence Driven Advisers LLC lowered its holdings in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,932 shares of the company’s stock after selling 4,676 shares during the quarter. JPMorgan US Quality Factor ETF accounts for 0.9% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 19th biggest holding. Intelligence Driven Advisers LLC’s holdings in JPMorgan US Quality Factor ETF were worth $6,049,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Koesten Hirschmann & Crabtree INC. grew its holdings in shares of JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in JPMorgan US Quality Factor ETF in the 2nd quarter worth about $34,000. International Assets Investment Management LLC bought a new stake in shares of JPMorgan US Quality Factor ETF during the second quarter valued at approximately $36,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF in the second quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC bought a new position in JPMorgan US Quality Factor ETF in the third quarter worth approximately $68,000.

JPMorgan US Quality Factor ETF Stock Performance

JQUA traded down $0.12 during trading on Thursday, hitting $58.56. 14,160 shares of the stock were exchanged, compared to its average volume of 529,945. JPMorgan US Quality Factor ETF has a 1 year low of $44.89 and a 1 year high of $59.07. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The firm has a 50 day simple moving average of $56.56 and a 200 day simple moving average of $54.22.

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.