Salem Investment Counselors Inc. Sells 184 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Salem Investment Counselors Inc. lowered its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 18,259 shares of the company’s stock after selling 184 shares during the quarter. Salem Investment Counselors Inc.’s holdings in JPMorgan US Quality Factor ETF were worth $1,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in JPMorgan US Quality Factor ETF in the second quarter valued at approximately $34,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF during the 2nd quarter valued at $44,000. Fortitude Family Office LLC bought a new stake in JPMorgan US Quality Factor ETF during the 3rd quarter worth $68,000. EP Wealth Advisors LLC acquired a new position in JPMorgan US Quality Factor ETF in the 2nd quarter worth about $109,000. Finally, Hollencrest Capital Management bought a new position in JPMorgan US Quality Factor ETF in the second quarter valued at about $185,000.

JPMorgan US Quality Factor ETF Trading Up 0.2 %

NYSEARCA:JQUA opened at $56.78 on Tuesday. The stock’s 50-day moving average is $58.46 and its 200-day moving average is $56.16. JPMorgan US Quality Factor ETF has a 1-year low of $47.72 and a 1-year high of $60.33. The stock has a market cap of $4.60 billion, a P/E ratio of 25.27 and a beta of 0.94.

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.