Savvy Advisors Inc. Purchases 160,705 Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)

Savvy Advisors Inc. lifted its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 48.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 493,335 shares of the company’s stock after acquiring an additional 160,705 shares during the quarter. JPMorgan U.S. Quality Factor ETF makes up approximately 2.8% of Savvy Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Savvy Advisors Inc. owned approximately 0.48% of JPMorgan U.S. Quality Factor ETF worth $27,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JQUA. Investor s Fiduciary Advisor Network LLC bought a new position in JPMorgan U.S. Quality Factor ETF during the fourth quarter worth about $3,507,000. Principal Securities Inc. grew its holdings in JPMorgan U.S. Quality Factor ETF by 14,782.1% during the fourth quarter. Principal Securities Inc. now owns 4,167 shares of the company’s stock worth $239,000 after purchasing an additional 4,139 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth approximately $1,733,000. Northern Trust Corp boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 72.8% during the fourth quarter. Northern Trust Corp now owns 8,365 shares of the company’s stock worth $479,000 after acquiring an additional 3,523 shares during the period. Finally, Novem Group bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth approximately $6,048,000.

JPMorgan U.S. Quality Factor ETF Stock Up 0.1%

Shares of NYSEARCA:JQUA opened at $59.35 on Thursday. JPMorgan U.S. Quality Factor ETF has a 12-month low of $49.25 and a 12-month high of $60.79. The stock has a market cap of $6.19 billion, a PE ratio of 24.59 and a beta of 0.95. The business has a 50 day moving average of $56.14 and a 200-day moving average of $57.74.

About JPMorgan U.S. 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.