Novem Group Sells 15,451 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Novem Group decreased its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 16.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 78,302 shares of the company’s stock after selling 15,451 shares during the period. Novem Group’s holdings in JPMorgan U.S. Quality Factor ETF were worth $4,947,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Beacon Bridge Wealth Partners LLC raised its position in JPMorgan U.S. Quality Factor ETF by 1.5% in the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 13,039 shares of the company’s stock worth $820,000 after buying an additional 190 shares during the last quarter. Financial Network Wealth Advisors LLC raised its position in JPMorgan U.S. Quality Factor ETF by 3.7% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock worth $351,000 after buying an additional 198 shares during the last quarter. Redwood Financial Network Corp raised its position in JPMorgan U.S. Quality Factor ETF by 5.7% in the 2nd quarter. Redwood Financial Network Corp now owns 4,263 shares of the company’s stock worth $256,000 after buying an additional 228 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in JPMorgan U.S. Quality Factor ETF by 6.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 4,062 shares of the company’s stock worth $256,000 after buying an additional 240 shares during the last quarter. Finally, Patten Group Inc. raised its position in JPMorgan U.S. Quality Factor ETF by 2.5% in the 3rd quarter. Patten Group Inc. now owns 9,927 shares of the company’s stock worth $625,000 after buying an additional 243 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of NYSEARCA:JQUA opened at $65.74 on Tuesday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $51.76 and a fifty-two week high of $65.83. The business has a 50-day simple moving average of $63.14 and a two-hundred day simple moving average of $63.18. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

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.