First Horizon Advisors Inc. Raises Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

First Horizon Advisors Inc. raised its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,970 shares of the company’s stock after buying an additional 1,232 shares during the period. First Horizon Advisors Inc. owned approximately 0.19% of JPMorgan U.S. Quality Factor ETF worth $12,969,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new position in JPMorgan U.S. Quality Factor ETF in the first quarter valued at about $207,000. Envestnet Asset Management Inc. increased its holdings in JPMorgan U.S. Quality Factor ETF by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 653,937 shares of the company’s stock valued at $36,928,000 after buying an additional 12,886 shares in the last quarter. Keystone Global Partners LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 77.7% in the second quarter. Keystone Global Partners LLC now owns 117,713 shares of the company’s stock valued at $7,069,000 after buying an additional 51,468 shares in the last quarter. Sovran Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the second quarter valued at about $221,000. Finally, Norden Group LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 5.8% in the first quarter. Norden Group LLC now owns 7,532 shares of the company’s stock valued at $425,000 after buying an additional 414 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA stock opened at $61.90 on Wednesday. The company’s 50 day simple moving average is $62.55 and its 200-day simple moving average is $60.43. The firm has a market capitalization of $7.35 billion, a PE ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $63.74.

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.