Wealthspire Advisors LLC Boosts Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Wealthspire Advisors LLC lifted its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 10.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 43,845 shares of the company’s stock after purchasing an additional 3,996 shares during the period. Wealthspire Advisors LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $2,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 14.7% in the 2nd quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock worth $503,341,000 after acquiring an additional 1,072,456 shares during the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 17.8% in the first quarter. LPL Financial LLC now owns 4,388,159 shares of the company’s stock valued at $247,799,000 after purchasing an additional 661,733 shares during the period. Facet Wealth Inc. increased its position in JPMorgan U.S. Quality Factor ETF by 227.7% during the first quarter. Facet Wealth Inc. now owns 938,130 shares of the company’s stock worth $53,417,000 after purchasing an additional 651,818 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan U.S. Quality Factor ETF by 22.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after purchasing an additional 305,026 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 2,766.6% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 280,298 shares of the company’s stock worth $15,828,000 after purchasing an additional 270,520 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

NYSEARCA:JQUA opened at $61.17 on Thursday. The company’s 50-day moving average is $62.56 and its two-hundred day moving average is $60.92. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $63.74. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. 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.