Royal Bank of Canada Reduces Position in JPMorgan U.S. Quality Factor ETF $JQUA

Royal Bank of Canada decreased its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,568 shares of the company’s stock after selling 213,361 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan U.S. Quality Factor ETF were worth $18,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. World Investment Advisors lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.9% during the first quarter. World Investment Advisors now owns 8,608 shares of the company’s stock worth $528,000 after buying an additional 160 shares during the period. Florida Financial Advisors LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 1.0% in the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock valued at $1,048,000 after acquiring an additional 161 shares during the period. Axis Wealth Partners LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 4.9% in the 1st quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after acquiring an additional 164 shares during the last quarter. Fiduciary Alliance LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 0.3% during the 1st quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock worth $3,529,000 after acquiring an additional 186 shares during the period. Finally, Wilkerson Advisory Group LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 2.3% during the 1st quarter. Wilkerson Advisory Group LLC now owns 8,342 shares of the company’s stock worth $512,000 after acquiring an additional 187 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA stock opened at $73.88 on Friday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.70 and a fifty-two week high of $74.84. The firm has a market capitalization of $8.40 billion, a PE ratio of 23.86 and a beta of 0.90. The stock’s 50-day simple moving average is $71.68 and its 200-day simple moving average is $67.11.

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.