JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Stock Position Raised by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. boosted its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,464 shares of the company’s stock after purchasing an additional 7,427 shares during the quarter. JPMorgan US Quality Factor ETF makes up approximately 5.4% of Petra Financial Advisors Inc.’s holdings, making the stock its largest position. Petra Financial Advisors Inc. owned approximately 0.17% of JPMorgan US Quality Factor ETF worth $7,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JQUA. Savant Capital LLC raised its stake in shares of JPMorgan US Quality Factor ETF by 21.6% in the 4th quarter. Savant Capital LLC now owns 6,224,628 shares of the company’s stock worth $356,484,000 after buying an additional 1,104,556 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $60,102,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $36,676,000. Sage Mountain Advisors LLC raised its position in shares of JPMorgan US Quality Factor ETF by 34.2% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,404,155 shares of the company’s stock worth $137,686,000 after purchasing an additional 612,953 shares during the period. Finally, LPL Financial LLC raised its position in shares of JPMorgan US Quality Factor ETF by 16.9% during the third quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock worth $200,219,000 after purchasing an additional 510,409 shares during the period.

JPMorgan US Quality Factor ETF Trading Up 1.1 %

Shares of JQUA stock opened at $57.07 on Tuesday. JPMorgan US Quality Factor ETF has a 1-year low of $49.61 and a 1-year high of $60.79. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 24.52 and a beta of 0.95. The stock’s fifty day simple moving average is $58.79 and its 200-day simple moving average is $57.87.

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.