J. R. Prunier Capital Management LLC lowered its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 49.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,678 shares of the company’s stock after selling 22,242 shares during the period. JPMorgan U.S. Quality Factor ETF makes up about 0.6% of J. R. Prunier Capital Management LLC’s portfolio, making the stock its 25th biggest position. J. R. Prunier Capital Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,391,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in JQUA. Cornerstone Wealth LLC TN purchased a new stake in JPMorgan U.S. Quality Factor ETF in the first quarter worth about $7,783,000. IFS Group LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter valued at about $340,000. Empowered Funds LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 6.1% in the 1st quarter. Empowered Funds LLC now owns 16,254 shares of the company’s stock valued at $997,000 after purchasing an additional 934 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 80.6% in the 1st quarter. Quantinno Capital Management LP now owns 19,133 shares of the company’s stock worth $1,173,000 after purchasing an additional 8,537 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter worth approximately $240,000.
JPMorgan U.S. Quality Factor ETF Stock Performance
NYSEARCA JQUA opened at $72.22 on Monday. The company has a market cap of $8.22 billion, a PE ratio of 23.86 and a beta of 0.91. The firm’s 50 day moving average price is $71.40 and its 200-day moving average price is $66.84. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.46 and a 52-week high of $72.68.
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.
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