Madrid Wealth Management LLC Takes Position in JPMorgan U.S. Quality Factor ETF $JQUA

Madrid Wealth Management LLC purchased a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,449 shares of the company’s stock, valued at approximately $4,514,000. JPMorgan U.S. Quality Factor ETF accounts for 3.7% of Madrid Wealth Management LLC’s holdings, making the stock its 7th biggest position. Madrid Wealth Management LLC owned approximately 0.06% of JPMorgan U.S. Quality Factor ETF at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JQUA. DHJJ Financial Advisors Ltd. increased its stake in JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock worth $57,000 after purchasing an additional 326 shares during the period. MCF Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth about $57,000. Wealth Watch Advisors INC purchased a new position in JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth about $57,000. Smartleaf Asset Management LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after buying an additional 998 shares in the last quarter. Finally, Longview Financial Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $66,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA stock opened at $66.36 on Friday. The company has a market capitalization of $7.47 billion, a P/E ratio of 23.86 and a beta of 0.91. The company’s 50-day simple moving average is $63.46 and its two-hundred day simple moving average is $63.35. JPMorgan U.S. Quality Factor ETF has a one year low of $56.09 and a one year high of $66.41.

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.