Modern Wealth Management LLC Raises Position in JPMorgan U.S. Quality Factor ETF $JQUA

Modern Wealth Management LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 16.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 229,690 shares of the company’s stock after acquiring an additional 31,633 shares during the period. Modern Wealth Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $13,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Savant Capital LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 14.7% in the 2nd quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock valued at $503,341,000 after acquiring an additional 1,072,456 shares during the last quarter. Signaturefd LLC grew its position in JPMorgan U.S. Quality Factor ETF by 2.2% during the 2nd quarter. Signaturefd LLC now owns 5,501,136 shares of the company’s stock worth $330,343,000 after acquiring an additional 120,933 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 8.6% in the 2nd quarter. Sage Mountain Advisors LLC now owns 2,711,715 shares of the company’s stock worth $162,839,000 after purchasing an additional 215,460 shares during the period. Midland Wealth Advisors LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 2.7% in the second quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock valued at $121,683,000 after purchasing an additional 53,000 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,752,280 shares of the company’s stock valued at $105,224,000 after purchasing an additional 116,345 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $63.74 on Friday. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $64.35. The company’s 50 day moving average price is $62.59 and its 200-day moving average price is $61.46. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

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.