CAP Partners LLC Sells 13,163 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

CAP Partners LLC reduced its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 29.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 30,976 shares of the company’s stock after selling 13,163 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for 1.1% of CAP Partners LLC’s portfolio, making the stock its 25th biggest position. CAP Partners LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,899,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after acquiring an additional 745 shares in the last quarter. Qube Research & Technologies Ltd increased its position in JPMorgan U.S. Quality Factor ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock valued at $233,000 after purchasing an additional 541 shares during the period. Main Street Financial Solutions LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter valued at about $1,062,000. Betterment LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Up 0.1%

Shares of NYSEARCA JQUA traded up $0.10 during midday trading on Friday, reaching $72.48. 468,148 shares of the company’s stock traded hands, compared to its average volume of 798,973. The stock’s 50 day simple moving average is $70.27 and its 200-day simple moving average is $65.98. JPMorgan U.S. Quality Factor ETF has a one year low of $59.23 and a one year high of $72.66. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

JPMorgan U.S. 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.