Aprio Wealth Management LLC Buys New Shares in JPMorgan U.S. Quality Factor ETF $JQUA

Aprio Wealth Management LLC purchased a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, HoldingsChannel.com reports. The fund purchased 487,467 shares of the company’s stock, valued at approximately $35,975,000. JPMorgan U.S. Quality Factor ETF accounts for approximately 1.6% of Aprio Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Quadcap Wealth Management LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 2.9% during the first quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock valued at $76,351,000 after buying an additional 34,752 shares during the last quarter. RVW Wealth LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $74,549,000. Avidian Wealth Enterprises LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth about $73,013,000. Midland Wealth Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at $67,344,000. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 41.7% during the 1st quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock worth $63,311,000 after acquiring an additional 303,867 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Down 1.5%

JQUA stock opened at $75.52 on Friday. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.70 and a 12 month high of $76.68. The stock has a market cap of $9.39 billion, a PE ratio of 23.86 and a beta of 0.90. The company has a 50-day moving average price of $74.83 and a 200 day moving average price of $69.36.

About JPMorgan U.S. 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.