Sage Mountain Advisors LLC Has $181.78 Million Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Sage Mountain Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,889,443 shares of the company’s stock after purchasing an additional 177,728 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for approximately 10.4% of Sage Mountain Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Sage Mountain Advisors LLC owned 2.43% of JPMorgan U.S. Quality Factor ETF worth $181,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JQUA. Atlantic Union Bankshares Corp bought a new position in JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth approximately $25,000. DHJJ Financial Advisors Ltd. grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock worth $57,000 after acquiring an additional 326 shares during the last quarter. Harbour Investments Inc. increased its position in JPMorgan U.S. Quality Factor ETF by 26.5% during the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after acquiring an additional 190 shares during the period. Parkworth Wealth Management Inc. bought a new position in JPMorgan U.S. Quality Factor ETF during the second quarter worth $55,000. Finally, Asset Dedication LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 840.0% during the 2nd quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after purchasing an additional 840 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 1.4%

JQUA stock opened at $63.56 on Tuesday. The company has a market cap of $7.62 billion, a PE ratio of 23.86 and a beta of 0.93. The business’s 50-day simple moving average is $63.25 and its 200 day simple moving average is $62.32. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $64.82.

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.