Focus Partners Wealth Increases Position in JPMorgan U.S. Quality Factor ETF $JQUA

Focus Partners Wealth lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 4,153.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,368,506 shares of the company’s stock after purchasing an additional 1,336,332 shares during the quarter. Focus Partners Wealth’s holdings in JPMorgan U.S. Quality Factor ETF were worth $86,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JQUA. Cresset Asset Management LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 12.5% during the second quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of JPMorgan U.S. Quality Factor ETF by 16.2% during the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after acquiring an additional 541 shares during the last quarter. Main Street Financial Solutions LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the second quarter worth about $1,062,000. Betterment LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 49.2% during the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after acquiring an additional 2,875 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of JPMorgan U.S. Quality Factor ETF by 23.1% during the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after acquiring an additional 271,538 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of NYSEARCA JQUA opened at $71.00 on Monday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $58.31 and a 1 year high of $72.18. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The stock’s 50-day simple moving average is $67.38 and its 200-day simple moving average is $64.84.

JPMorgan U.S. Quality Factor ETF Company 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.