LPL Financial LLC Buys 510,409 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

LPL Financial LLC increased its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,539,316 shares of the company’s stock after buying an additional 510,409 shares during the period. LPL Financial LLC owned 4.37% of JPMorgan US Quality Factor ETF worth $200,219,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Koesten Hirschmann & Crabtree INC. boosted its holdings in JPMorgan US Quality Factor ETF by 145.5% in the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the 3rd quarter valued at approximately $68,000.

JPMorgan US Quality Factor ETF Trading Up 1.3 %

Shares of NYSEARCA:JQUA opened at $58.69 on Friday. The firm has a 50 day moving average of $56.98 and a 200-day moving average of $54.51. The stock has a market capitalization of $4.75 billion, a PE ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 12 month low of $45.42 and a 12 month high of $59.07.

JPMorgan US 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.