Confluence Wealth Services Inc. Buys 5,700 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Confluence Wealth Services Inc. lifted its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 20.2% during the second quarter, HoldingsChannel reports. The firm owned 33,929 shares of the company’s stock after purchasing an additional 5,700 shares during the period. Confluence Wealth Services Inc.’s holdings in JPMorgan US Quality Factor ETF were worth $1,797,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Spire Wealth Management grew its holdings in shares of JPMorgan US Quality Factor ETF by 7.2% in the second quarter. Spire Wealth Management now owns 21,707 shares of the company’s stock worth $1,149,000 after purchasing an additional 1,455 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of JPMorgan US Quality Factor ETF by 11.3% in the second quarter. Sage Mountain Advisors LLC now owns 1,716,750 shares of the company’s stock worth $90,902,000 after purchasing an additional 173,848 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of JPMorgan US Quality Factor ETF by 21.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,040,269 shares of the company’s stock worth $55,082,000 after purchasing an additional 184,012 shares during the last quarter. GoalVest Advisory LLC grew its holdings in shares of JPMorgan US Quality Factor ETF by 9.1% in the second quarter. GoalVest Advisory LLC now owns 246,840 shares of the company’s stock worth $13,070,000 after purchasing an additional 20,534 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of JPMorgan US Quality Factor ETF in the second quarter worth about $36,000.

JPMorgan US Quality Factor ETF Stock Up 0.8 %

NYSEARCA:JQUA traded up $0.47 during mid-day trading on Friday, reaching $55.78. The company’s stock had a trading volume of 202,633 shares, compared to its average volume of 543,359. JPMorgan US Quality Factor ETF has a 1 year low of $41.37 and a 1 year high of $55.81. The stock has a fifty day moving average of $53.64 and a 200-day moving average of $52.40. The firm has a market capitalization of $4.52 billion, a PE ratio of 25.27 and a beta of 0.94.

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.