Cornerstone Wealth Management LLC Increases Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Cornerstone Wealth Management LLC grew its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,448 shares of the company’s stock after buying an additional 13,909 shares during the quarter. Cornerstone Wealth Management LLC owned 0.15% of JPMorgan US Quality Factor ETF worth $6,784,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in JQUA. Allworth Financial LP increased its position in JPMorgan US Quality Factor ETF by 5.6% during the 3rd quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock worth $273,000 after purchasing an additional 258 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in JPMorgan US Quality Factor ETF by 5.7% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock worth $361,000 after buying an additional 342 shares during the last quarter. Private Trust Co. NA boosted its stake in JPMorgan US Quality Factor ETF by 4.9% in the 3rd quarter. Private Trust Co. NA now owns 7,308 shares of the company’s stock worth $413,000 after buying an additional 343 shares during the last quarter. Patten Group Inc. boosted its stake in JPMorgan US Quality Factor ETF by 4.2% in the 3rd quarter. Patten Group Inc. now owns 9,014 shares of the company’s stock worth $510,000 after buying an additional 366 shares during the last quarter. Finally, 3Chopt Investment Partners LLC boosted its stake in JPMorgan US Quality Factor ETF by 2.6% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 15,486 shares of the company’s stock worth $820,000 after buying an additional 392 shares during the last quarter.

JPMorgan US Quality Factor ETF Trading Up 0.5 %

Shares of NYSEARCA:JQUA opened at $59.54 on Friday. The stock’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $56.45. JPMorgan US Quality Factor ETF has a 12-month low of $49.08 and a 12-month high of $60.33. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94.

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.