Ameritas Advisory Services LLC Buys 171,453 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Ameritas Advisory Services LLC raised its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 70.2% during the fourth quarter, HoldingsChannel reports. The firm owned 415,597 shares of the company’s stock after buying an additional 171,453 shares during the quarter. JPMorgan US Quality Factor ETF comprises 0.8% of Ameritas Advisory Services LLC’s holdings, making the stock its 25th largest position. Ameritas Advisory Services LLC’s holdings in JPMorgan US Quality Factor ETF were worth $23,801,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JQUA. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in JPMorgan US Quality Factor ETF during the 2nd quarter valued at $34,000. EverSource Wealth Advisors LLC bought a new position in JPMorgan US Quality Factor ETF during the second quarter valued at $44,000. Abound Wealth Management purchased a new stake in shares of JPMorgan US Quality Factor ETF in the fourth quarter valued at $55,000. Fortitude Family Office LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth about $68,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the 2nd quarter worth about $109,000.

JPMorgan US Quality Factor ETF Trading Up 0.6 %

Shares of NYSEARCA:JQUA opened at $58.49 on Friday. JPMorgan US Quality Factor ETF has a 12 month low of $48.03 and a 12 month high of $60.33. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The firm’s 50-day moving average is $58.46 and its 200 day moving average is $56.30.

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.