34,872 Shares of JPMorgan U.S. Quality Factor ETF $JQUA Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, Holdings Channel reports. The fund acquired 34,872 shares of the company’s stock, valued at approximately $2,574,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quadcap Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth about $92,824,000. Hughes Financial Services LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 4.5% in the 3rd quarter. Hughes Financial Services LLC now owns 1,056,570 shares of the company’s stock valued at $80,997,000 after acquiring an additional 45,296 shares during the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan U.S. Quality Factor ETF by 41.7% during the 1st quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after acquiring an additional 303,867 shares during the period. RVW Wealth LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $74,549,000. Finally, Avidian Wealth Enterprises LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $73,013,000.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA opened at $75.13 on Wednesday. The stock’s 50 day simple moving average is $74.84 and its 200 day simple moving average is $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.

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.