Abound Wealth Management Takes Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Abound Wealth Management purchased a new position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the fourth quarter, HoldingsChannel reports. The fund purchased 964 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors have also recently bought and sold shares of JQUA. Wealth Enhancement Advisory Services LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the fourth quarter valued at approximately $36,676,000. LPL Financial LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 16.9% during the 3rd quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock valued at $200,219,000 after acquiring an additional 510,409 shares during the period. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF during the 3rd quarter worth $27,648,000. Tull Financial Group Inc. bought a new position in shares of JPMorgan US Quality Factor ETF in the third quarter worth $24,025,000. Finally, Goldstone Financial Group LLC acquired a new position in JPMorgan US Quality Factor ETF in the third quarter valued at about $23,250,000.

JPMorgan US Quality Factor ETF Price Performance

JQUA traded up $0.06 on Monday, hitting $56.73. 454,291 shares of the stock were exchanged, compared to its average volume of 493,411. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 12 month low of $47.72 and a 12 month high of $60.33. The business has a 50-day moving average of $58.46 and a two-hundred day moving average of $56.16.

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.