Cornerstone Wealth Management LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Cornerstone Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 298,429 shares of the company’s stock, valued at approximately $22,024,000. JPMorgan U.S. Quality Factor ETF comprises about 0.9% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Cornerstone Wealth Management LLC owned approximately 0.24% of JPMorgan U.S. Quality Factor ETF at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. 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 purchased a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $893,000. Baird Financial Group Inc. lifted its stake in JPMorgan U.S. Quality Factor ETF by 8.8% in the second quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock valued at $7,961,000 after purchasing an additional 8,909 shares during the last quarter. 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 bought a new position in JPMorgan U.S. Quality Factor ETF during the first quarter valued at $10,477,000.

JPMorgan U.S. Quality Factor ETF Trading Down 0.0%

Shares of NYSEARCA JQUA opened at $75.13 on Wednesday. The stock has a fifty day simple moving average of $74.84 and a two-hundred day simple moving average of $69.74. 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 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.