Wallace Advisory Group LLC Cuts Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Wallace Advisory Group LLC decreased its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 5,055 shares of the company’s stock after selling 287 shares during the quarter. Wallace Advisory Group LLC’s holdings in JPMorgan US Quality Factor ETF were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. L & S Advisors Inc lifted its stake in JPMorgan US Quality Factor ETF by 1.1% in the 2nd quarter. L & S Advisors Inc now owns 41,951 shares of the company’s stock valued at $2,221,000 after buying an additional 468 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in JPMorgan US Quality Factor ETF by 21.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 82,351 shares of the company’s stock worth $4,361,000 after acquiring an additional 14,702 shares during the period. Hollencrest Capital Management purchased a new stake in shares of JPMorgan US Quality Factor ETF in the second quarter valued at $185,000. Thrivent Financial for Lutherans increased its stake in shares of JPMorgan US Quality Factor ETF by 2.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 267,546 shares of the company’s stock valued at $14,167,000 after acquiring an additional 7,331 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in JPMorgan US Quality Factor ETF during the second quarter worth approximately $34,000.

JPMorgan US Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $56.78 on Tuesday. JPMorgan US Quality Factor ETF has a 12 month low of $47.72 and a 12 month high of $60.33. The business has a 50-day moving average of $58.46 and a two-hundred day moving average of $56.16. The firm has a market capitalization of $4.60 billion, a PE 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.