Royal Bank of Canada Has $41.26 Million Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Royal Bank of Canada lessened its holdings in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 720,488 shares of the company’s stock after selling 307,728 shares during the period. Royal Bank of Canada owned 0.89% of JPMorgan US Quality Factor ETF worth $41,262,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of JQUA. FPC Investment Advisory Inc. acquired a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at $29,000. Guardian Wealth Advisors LLC NC acquired a new position in shares of JPMorgan US Quality Factor ETF during the fourth quarter valued at about $43,000. CENTRAL TRUST Co acquired a new position in shares of JPMorgan US Quality Factor ETF during the fourth quarter valued at about $47,000. Aptus Capital Advisors LLC raised its holdings in shares of JPMorgan US Quality Factor ETF by 166.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,849 shares of the company’s stock valued at $106,000 after purchasing an additional 1,155 shares during the period. Finally, New Republic Capital LLC acquired a new position in shares of JPMorgan US Quality Factor ETF during the fourth quarter valued at about $107,000.

JPMorgan US Quality Factor ETF Trading Down 1.6%

Shares of NYSEARCA JQUA opened at $58.38 on Thursday. The firm’s 50-day moving average price is $55.79 and its 200-day moving average price is $57.70. JPMorgan US Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $60.79. The firm has a market capitalization of $5.95 billion, a P/E ratio of 24.38 and a beta of 0.95.

About JPMorgan US 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.