Waterway Wealth Management LLC Has $13.10 Million Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Waterway Wealth Management LLC grew its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 24.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 207,272 shares of the company’s stock after buying an additional 40,432 shares during the quarter. JPMorgan U.S. Quality Factor ETF comprises about 2.4% of Waterway Wealth Management LLC’s holdings, making the stock its 10th biggest position. Waterway Wealth Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $13,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JQUA. Florida Financial Advisors LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.0% in the fourth quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock valued at $1,048,000 after purchasing an additional 161 shares in the last quarter. Redwood Financial Network Corp lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 5.7% in the second quarter. Redwood Financial Network Corp now owns 4,263 shares of the company’s stock valued at $256,000 after purchasing an additional 228 shares in the last quarter. Operose Advisors LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 65.5% in the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after purchasing an additional 235 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 6.3% in the third quarter. SeaCrest Wealth Management LLC now owns 4,062 shares of the company’s stock valued at $256,000 after purchasing an additional 240 shares in the last quarter. Finally, Patten Group Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.5% in the third quarter. Patten Group Inc. now owns 9,927 shares of the company’s stock valued at $625,000 after purchasing an additional 243 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 1.0%

JQUA opened at $71.32 on Wednesday. The stock has a fifty day moving average of $67.78 and a 200-day moving average of $64.97. The firm has a market capitalization of $8.02 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 12-month low of $58.31 and a 12-month high of $72.31.

JPMorgan U.S. Quality Factor ETF Company 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.