Wealth Enhancement Advisory Services LLC Takes $36.68 Million Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Wealth Enhancement Advisory Services LLC bought a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 648,329 shares of the company’s stock, valued at approximately $36,676,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JQUA. Signaturefd LLC raised its position in JPMorgan US Quality Factor ETF by 1.2% during the 3rd quarter. Signaturefd LLC now owns 5,533,652 shares of the company’s stock valued at $313,039,000 after purchasing an additional 66,260 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan US Quality Factor ETF by 16.9% during the 3rd quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock valued at $200,219,000 after purchasing an additional 510,409 shares during the last quarter. ST Germain D J Co. Inc. raised its position in JPMorgan US Quality Factor ETF by 2.6% during the 3rd quarter. ST Germain D J Co. Inc. now owns 2,638,129 shares of the company’s stock valued at $149,239,000 after purchasing an additional 67,948 shares during the last quarter. Townsquare Capital LLC raised its position in JPMorgan US Quality Factor ETF by 6.1% during the 3rd quarter. Townsquare Capital LLC now owns 1,415,009 shares of the company’s stock valued at $80,047,000 after purchasing an additional 81,577 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in JPMorgan US Quality Factor ETF by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,095,854 shares of the company’s stock valued at $61,992,000 after purchasing an additional 55,585 shares during the last quarter.

JPMorgan US Quality Factor ETF Price Performance

JQUA opened at $56.67 on Friday. The business has a 50 day simple moving average of $58.45 and a two-hundred day simple moving average of $56.09. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a one year low of $47.65 and a one year high of $60.33.

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.