Able Wealth Management LLC Has $7.58 Million Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Able Wealth Management LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 18.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,177 shares of the company’s stock after acquiring an additional 19,679 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises 3.8% of Able Wealth Management LLC’s holdings, making the stock its 5th largest holding. Able Wealth Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $7,577,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JQUA. Envestnet Asset Management Inc. grew its position in JPMorgan U.S. Quality Factor ETF by 2.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 653,937 shares of the company’s stock valued at $36,928,000 after purchasing an additional 12,886 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the first quarter valued at $207,000. Allworth Financial LP raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 3,760.3% in the 1st quarter. Allworth Financial LP now owns 236,752 shares of the company’s stock worth $13,073,000 after acquiring an additional 230,619 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in the 1st quarter. Cerity Partners LLC now owns 12,998 shares of the company’s stock worth $734,000 after acquiring an additional 218 shares during the last quarter. Finally, Weil Company Inc. raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 66.8% in the 1st quarter. Weil Company Inc. now owns 101,564 shares of the company’s stock worth $5,735,000 after acquiring an additional 40,677 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA opened at $62.26 on Thursday. The stock has a 50 day moving average price of $62.56 and a two-hundred day moving average price of $60.44. The firm has a market capitalization of $7.40 billion, a P/E 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.

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.