Members Advisory Group LLC Purchases Shares of 131,699 JPMorgan U.S. Quality Factor ETF $JQUA

Members Advisory Group LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 131,699 shares of the company’s stock, valued at approximately $7,909,000. JPMorgan U.S. Quality Factor ETF comprises approximately 3.0% of Members Advisory Group LLC’s holdings, making the stock its 11th largest position.

A number of other institutional investors have also recently made changes to their positions in JQUA. Advisor Resource Council bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter valued at about $426,000. PFG Investments LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 30.0% in the 1st quarter. PFG Investments LLC now owns 9,488 shares of the company’s stock valued at $536,000 after buying an additional 2,187 shares during the last quarter. LVZ Inc. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter valued at about $36,901,000. Cambridge Investment Research Advisors Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 47.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 643,882 shares of the company’s stock valued at $36,360,000 after buying an additional 207,307 shares during the last quarter. Finally, Illumine Investment Management LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 6.4% in the 1st quarter. Illumine Investment Management LLC now owns 18,194 shares of the company’s stock valued at $1,027,000 after buying an additional 1,093 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $62.30 on Monday. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 23.86 and a beta of 0.92. The business’s 50-day moving average is $62.19 and its 200-day moving average is $59.54. JPMorgan U.S. Quality Factor ETF has a 1 year low of $49.25 and a 1 year high of $63.43.

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.