70,643 Shares in JPMorgan U.S. Quality Factor ETF $JQUA Acquired by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 70,643 shares of the company’s stock, valued at approximately $5,213,000. JPMorgan U.S. Quality Factor ETF accounts for about 2.2% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 12th largest position.

A number of other hedge funds have also added to or reduced their stakes in JQUA. Quadcap Wealth Management LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $92,824,000. RVW Wealth LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $74,549,000. Avidian Wealth Enterprises LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $73,013,000. Midland Wealth Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $67,344,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $61,749,000.

JPMorgan U.S. Quality Factor ETF Stock Performance

JPMorgan U.S. Quality Factor ETF stock opened at $76.03 on Friday. The stock has a market cap of $9.79 billion, a PE ratio of 23.53 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a one year low of $59.70 and a one year high of $76.68. The stock has a fifty day moving average of $74.92 and a 200 day moving average of $69.85.

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.