Raymond James Financial Inc. Invests $60.10 Million in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Raymond James Financial Inc. bought a new position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,049,458 shares of the company’s stock, valued at approximately $60,102,000. Raymond James Financial Inc. owned 1.30% of JPMorgan US Quality Factor ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth about $29,000. CENTRAL TRUST Co acquired a new position in shares of JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $47,000. Abound Wealth Management acquired a new position in shares of JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $55,000. Fortitude Family Office LLC grew its position in shares of JPMorgan US Quality Factor ETF by 45.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,750 shares of the company’s stock valued at $100,000 after purchasing an additional 550 shares during the period. Finally, New Republic Capital LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $107,000.

JPMorgan US Quality Factor ETF Stock Performance

Shares of JQUA opened at $57.05 on Tuesday. The stock has a 50 day simple moving average of $58.91 and a 200 day simple moving average of $57.82. JPMorgan US Quality Factor ETF has a 52-week low of $49.60 and a 52-week high of $60.79. The firm has a market capitalization of $5.55 billion, a PE ratio of 24.52 and a beta of 0.95.

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.