313,288 Shares in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Bought by Strategent Financial LLC

Strategent Financial LLC bought a new stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 4th quarter, HoldingsChannel reports. The fund bought 313,288 shares of the company’s stock, valued at approximately $17,942,000. JPMorgan US Quality Factor ETF accounts for about 17.8% of Strategent Financial LLC’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of JPMorgan US Quality Factor ETF by 5.6% during the third quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock valued at $273,000 after buying an additional 258 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $857,000. Baker Tilly Wealth Management LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 5.7% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock valued at $361,000 after acquiring an additional 342 shares during the last quarter. Concord Wealth Partners lifted its holdings in shares of JPMorgan US Quality Factor ETF by 2.9% during the third quarter. Concord Wealth Partners now owns 177,413 shares of the company’s stock valued at $10,036,000 after purchasing an additional 4,932 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the third quarter worth about $68,000.

JPMorgan US Quality Factor ETF Stock Performance

JPMorgan US Quality Factor ETF stock opened at $59.41 on Tuesday. The firm’s 50 day moving average price is $58.81 and its two-hundred day moving average price is $57.52. JPMorgan US Quality Factor ETF has a twelve month low of $49.60 and a twelve month high of $60.79. The firm has a market cap of $5.92 billion, a PE ratio of 25.89 and a beta of 0.95.

About JPMorgan US 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.