Elm3 Financial Group LLC Lowers Stake in JPMorgan U.S. Quality Factor ETF $JQUA

Elm3 Financial Group LLC lessened its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 8.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,645 shares of the company’s stock after selling 1,671 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises 0.9% of Elm3 Financial Group LLC’s portfolio, making the stock its 28th largest position. Elm3 Financial Group LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Continuum Advisory LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 775.0% in the 1st quarter. Continuum Advisory LLC now owns 455 shares of the company’s stock worth $26,000 after purchasing an additional 403 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its position in JPMorgan U.S. Quality Factor ETF by 68.5% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 578 shares of the company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Wagner Wealth Management LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 516.3% during the first quarter. Wagner Wealth Management LLC now owns 604 shares of the company’s stock valued at $34,000 after buying an additional 506 shares during the last quarter. CX Institutional bought a new stake in JPMorgan U.S. Quality Factor ETF in the first quarter worth $43,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 49.9% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,049 shares of the company’s stock worth $59,000 after acquiring an additional 349 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA opened at $63.16 on Tuesday. The stock has a 50-day moving average price of $61.88 and a 200-day moving average price of $59.18. The firm has a market cap of $7.41 billion, a PE ratio of 23.86 and a beta of 0.92. JPMorgan U.S. Quality Factor ETF has a 1 year low of $49.25 and a 1 year high of $63.43.

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.