Savvy Advisors Inc. Buys 117,244 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Savvy Advisors Inc. raised its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 23.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 610,579 shares of the company’s stock after buying an additional 117,244 shares during the period. JPMorgan U.S. Quality Factor ETF comprises about 2.4% of Savvy Advisors Inc.’s portfolio, making the stock its 8th biggest position. Savvy Advisors Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $36,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JQUA. Crossmark Global Holdings Inc. acquired a new position in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter worth approximately $207,000. Envestnet Asset Management Inc. lifted its holdings in JPMorgan U.S. Quality Factor ETF by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 653,937 shares of the company’s stock valued at $36,928,000 after buying an additional 12,886 shares during the period. Keystone Global Partners LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 77.7% in the second quarter. Keystone Global Partners LLC now owns 117,713 shares of the company’s stock valued at $7,069,000 after buying an additional 51,468 shares during the period. Sovran Advisors LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter valued at about $221,000. Finally, Norden Group LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 5.8% during the first quarter. Norden Group LLC now owns 7,532 shares of the company’s stock valued at $425,000 after purchasing an additional 414 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Down 0.5%

NYSEARCA JQUA opened at $63.04 on Thursday. The business has a fifty day simple moving average of $62.47 and a 200 day simple moving average of $60.14. The firm has a market capitalization of $7.48 billion, a P/E ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $63.74.

JPMorgan U.S. 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.