Valley National Advisers Inc. Acquires 7,432 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Valley National Advisers Inc. grew its holdings in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 16.1% during the second quarter, HoldingsChannel.com reports. The firm owned 53,656 shares of the company’s stock after acquiring an additional 7,432 shares during the quarter. Valley National Advisers Inc.’s holdings in JPMorgan US Quality Factor ETF were worth $2,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in JQUA. Annex Advisory Services LLC boosted its stake in shares of JPMorgan US Quality Factor ETF by 148.8% in the first quarter. Annex Advisory Services LLC now owns 4,205,639 shares of the company’s stock valued at $222,352,000 after buying an additional 2,515,457 shares during the period. Scarborough Advisors LLC raised its holdings in JPMorgan US Quality Factor ETF by 1,116.4% in the 4th quarter. Scarborough Advisors LLC now owns 2,226,572 shares of the company’s stock valued at $106,564,000 after acquiring an additional 2,043,520 shares in the last quarter. Midland Wealth Advisors LLC acquired a new position in JPMorgan US Quality Factor ETF in the 4th quarter valued at $96,084,000. Savant Capital LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 3,420.3% during the 4th quarter. Savant Capital LLC now owns 2,004,627 shares of the company’s stock valued at $95,941,000 after acquiring an additional 1,947,683 shares during the period. Finally, Signaturefd LLC increased its position in shares of JPMorgan US Quality Factor ETF by 25.0% in the fourth quarter. Signaturefd LLC now owns 5,265,666 shares of the company’s stock worth $252,015,000 after purchasing an additional 1,052,055 shares during the period.

JPMorgan US Quality Factor ETF Price Performance

JQUA stock traded up $0.01 during midday trading on Friday, reaching $54.39. The company had a trading volume of 230,349 shares, compared to its average volume of 557,545. The company has a market capitalization of $4.40 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 $54.76. The stock has a 50 day moving average price of $53.15 and a 200-day moving average price of $52.02.

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.