Envestnet Portfolio Solutions Inc. trimmed its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 37.7% during the fourth quarter, HoldingsChannel reports. The fund owned 103,115 shares of the company’s stock after selling 62,458 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan US Quality Factor ETF were worth $5,905,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $29,000. CENTRAL TRUST Co acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $47,000. Abound Wealth Management acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $55,000. Fortitude Family Office LLC grew its position in JPMorgan US Quality Factor ETF by 45.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,750 shares of the company’s stock valued at $100,000 after purchasing an additional 550 shares in the last quarter. Finally, New Republic Capital LLC bought a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at $107,000.
JPMorgan US Quality Factor ETF Trading Up 1.1 %
JPMorgan US Quality Factor ETF stock opened at $57.07 on Tuesday. The company has a market cap of $5.56 billion, a P/E ratio of 24.52 and a beta of 0.95. JPMorgan US Quality Factor ETF has a 1-year low of $49.61 and a 1-year high of $60.79. The company has a fifty day simple moving average of $58.79 and a 200 day simple moving average of $57.87.
JPMorgan US Quality Factor ETF 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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