StoneX Group Inc. acquired a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,263 shares of the company’s stock, valued at approximately $979,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $651,000. Elm3 Financial Group LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth approximately $893,000. Baird Financial Group Inc. raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock worth $7,961,000 after purchasing an additional 8,909 shares during the period. ARQ Wealth Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $2,883,000. Finally, Independent Financial Group LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the first quarter valued at approximately $10,477,000.
JPMorgan U.S. Quality Factor ETF Trading Up 2.5%
Shares of NYSEARCA JQUA opened at $75.15 on Tuesday. The stock has a fifty day simple moving average of $74.83 and a two-hundred day simple moving average of $69.68. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.70 and a 1-year high of $76.68. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 23.53 and a beta of 0.90.
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.
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