True North Advisors LLC Lowers Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

True North Advisors LLC cut its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 15.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,127 shares of the company’s stock after selling 29,489 shares during the period. JPMorgan U.S. Quality Factor ETF makes up 1.2% of True North Advisors LLC’s holdings, making the stock its 22nd biggest holding. True North Advisors LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $10,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.9% in the 1st quarter. World Investment Advisors now owns 8,608 shares of the company’s stock worth $528,000 after acquiring an additional 160 shares during the last quarter. Florida Financial Advisors LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 1.0% in the 4th 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 during the last quarter. Axis Wealth Partners LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 4.9% in the 1st quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock valued at $214,000 after purchasing an additional 164 shares during the last quarter. Fiduciary Alliance LLC raised its position in JPMorgan U.S. Quality Factor ETF by 0.3% in the first quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock valued at $3,529,000 after purchasing an additional 186 shares during the period. Finally, Redwood Financial Network Corp raised its position in 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 during the period.

JPMorgan U.S. Quality Factor ETF Stock Down 0.7%

NYSEARCA:JQUA opened at $71.64 on Friday. The stock’s fifty day moving average is $70.74 and its two-hundred day moving average is $66.26. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.46 and a 52 week high of $72.66. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

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.