Founders Financial Securities LLC Raises Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Founders Financial Securities LLC lifted its holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 34.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,876 shares of the company’s stock after purchasing an additional 6,434 shares during the period. Founders Financial Securities LLC’s holdings in JPMorgan US Quality Factor ETF were worth $1,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC grew its stake in JPMorgan US Quality Factor ETF by 66,500.0% in the fourth quarter. CWM LLC now owns 666 shares of the company’s stock worth $32,000 after purchasing an additional 665 shares in the last quarter. SouthState Corp bought a new stake in JPMorgan US Quality Factor ETF during the 4th quarter valued at $41,000. Fifth Third Bancorp bought a new stake in JPMorgan US Quality Factor ETF during the 4th quarter valued at $55,000. Pinnacle Bancorp Inc. bought a new stake in JPMorgan US Quality Factor ETF during the 4th quarter valued at $59,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in JPMorgan US Quality Factor ETF during the 4th quarter valued at $61,000.

JPMorgan US Quality Factor ETF Price Performance

NYSEARCA JQUA traded down $0.08 during midday trading on Friday, hitting $52.95. 350,436 shares of the company traded hands, compared to its average volume of 591,280. The company has a market cap of $4.29 billion, a PE ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 52 week low of $41.37 and a 52 week high of $53.56. The company’s 50-day simple moving average is $51.91 and its 200-day simple moving average is $50.82.

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.