Horizon Wealth Management LLC Invests $452,000 in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Horizon Wealth Management LLC acquired a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,901 shares of the company’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JQUA. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF in the second quarter valued at about $34,000. EverSource Wealth Advisors LLC acquired a new stake in JPMorgan US Quality Factor ETF in the 2nd quarter valued at about $44,000. Abound Wealth Management acquired a new stake in JPMorgan US Quality Factor ETF in the 4th quarter valued at about $55,000. Fortitude Family Office LLC purchased a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $68,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of JPMorgan US Quality Factor ETF during the 2nd quarter worth approximately $109,000.

JPMorgan US Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA traded up $0.11 during midday trading on Monday, hitting $56.78. The company had a trading volume of 489,877 shares, compared to its average volume of 502,282. JPMorgan US Quality Factor ETF has a twelve month low of $47.72 and a twelve month high of $60.33. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The business’s 50-day simple moving average is $58.46 and its 200-day simple moving average is $56.16.

About JPMorgan US Quality Factor ETF

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.