FDx Advisors Inc. acquired a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,842 shares of the company’s stock, valued at approximately $4,785,000. JPMorgan U.S. Quality Factor ETF accounts for about 1.5% of FDx Advisors Inc.’s holdings, making the stock its 19th biggest holding.
A number of other hedge funds have also bought and sold shares of the company. Quadcap Wealth Management LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at $92,824,000. Hughes Financial Services LLC lifted its holdings 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 worth $80,997,000 after acquiring an additional 45,296 shares during the last quarter. RVW Wealth LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $74,549,000. Avidian Wealth Enterprises LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $73,013,000. Finally, Midland Wealth Advisors LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $67,344,000.
JPMorgan U.S. Quality Factor ETF Stock Down 0.3%
NYSEARCA:JQUA traded down $0.22 during mid-day trading on Friday, hitting $75.81. 1,113,620 shares of the stock traded hands, compared to its average volume of 750,033. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 23.53 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $76.68. The firm’s 50 day moving average is $74.94 and its two-hundred day moving average is $69.91.
JPMorgan U.S. Quality Factor ETF Company 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.
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