Wealthfront Advisers LLC Reduces Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Wealthfront Advisers LLC trimmed its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,802 shares of the company’s stock after selling 828 shares during the period. Wealthfront Advisers LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. grew its stake in JPMorgan U.S. Quality Factor ETF by 26.5% in the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock valued at $54,000 after buying an additional 190 shares in the last quarter. Larson Financial Group LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1,183.8% during the 1st quarter. Larson Financial Group LLC now owns 2,375 shares of the company’s stock worth $134,000 after purchasing an additional 2,190 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth about $136,000. Iams Wealth Management LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth about $203,000. Finally, Summit Wealth & Retirement Planning Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 1st quarter worth about $206,000.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA opened at $62.71 on Friday. The stock’s 50-day simple moving average is $62.51 and its 200 day simple moving average is $60.16. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $63.74.

JPMorgan U.S. Quality Factor ETF Company 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.