Waverly Advisors LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Waverly Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,694 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JQUA. Focus Partners Wealth increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 4,153.5% in the fourth quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock valued at $86,462,000 after purchasing an additional 1,336,332 shares in the last quarter. Savant Capital LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 10.8% in the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after buying an additional 996,453 shares during the period. Hughes Financial Services LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 15,645.5% in the 4th quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock valued at $55,371,000 after buying an additional 870,829 shares during the period. UMB Bank n.a. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 4,731.9% during the fourth quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock worth $47,428,000 after acquiring an additional 735,143 shares during the last quarter. Finally, Savvy Advisors Inc. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 64.4% during the fourth quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock worth $85,834,000 after acquiring an additional 532,063 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA opened at $72.22 on Monday. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.46 and a 12-month high of $72.68. The firm has a market capitalization of $8.22 billion, a PE ratio of 23.86 and a beta of 0.91. The stock’s fifty day simple moving average is $71.40 and its 200-day simple moving average is $66.84.

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.