Onyx Bridge Wealth Group LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Onyx Bridge Wealth Group LLC bought a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the 3rd quarter, Holdings Channel.com reports. The firm bought 125,035 shares of the company’s stock, valued at approximately $9,228,000. JPMorgan U.S. Quality Factor ETF comprises 0.8% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently made changes to their positions in JQUA. Robertson Stephens Wealth Management LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at about $240,000. KWB Wealth purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $6,119,000. Perryman Financial Advisory Inc. AD purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $3,858,000. Milestone Asset Management LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $1,269,000. Finally, Saxony Capital Management LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $247,000.

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

Shares of NYSEARCA:JQUA opened at $74.89 on Friday. The company has a market cap of $9.18 billion, a P/E ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $76.06. The company has a 50-day moving average price of $74.55 and a 200 day moving average price of $71.04.

About JPMorgan U.S. Quality Factor ETF

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.