Cornerstone Wealth Management LLC Raises Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Cornerstone Wealth Management LLC raised its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,449 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JPMorgan US Quality Factor ETF were worth $4,888,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KPP Advisory Services LLC purchased a new stake in JPMorgan US Quality Factor ETF in the third quarter valued at approximately $1,697,000. Knightsbridge Asset Management LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 1.9% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 140,354 shares of the company’s stock valued at $6,073,000 after acquiring an additional 2,623 shares during the last quarter. Jackson Wealth Management LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 6.5% in the 3rd quarter. Jackson Wealth Management LLC now owns 19,911 shares of the company’s stock valued at $862,000 after acquiring an additional 1,221 shares during the last quarter. JT Stratford LLC increased its stake in shares of JPMorgan US Quality Factor ETF by 19.0% in the third quarter. JT Stratford LLC now owns 17,050 shares of the company’s stock worth $738,000 after acquiring an additional 2,725 shares during the period. Finally, Royal Harbor Partners LLC raised its holdings in shares of JPMorgan US Quality Factor ETF by 5.5% during the third quarter. Royal Harbor Partners LLC now owns 121,594 shares of the company’s stock worth $5,261,000 after purchasing an additional 6,364 shares during the last quarter.

JPMorgan US Quality Factor ETF Price Performance

NYSEARCA:JQUA traded up $0.06 during mid-day trading on Thursday, hitting $53.07. The company’s stock had a trading volume of 240,807 shares, compared to its average volume of 594,664. The business’s fifty day moving average is $52.06 and its two-hundred day moving average is $50.93. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 1 year low of $41.37 and a 1 year high of $53.56.

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.