Y Intercept Hong Kong Ltd Purchases 22,512 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Y Intercept Hong Kong Ltd grew its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 543.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,651 shares of the company’s stock after buying an additional 22,512 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avidian Wealth Enterprises LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 2.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock valued at $45,338,000 after purchasing an additional 19,436 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the second quarter worth about $1,066,000. Beacon Pointe Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter worth about $2,308,000. Able Wealth Management LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 50.8% in the third quarter. Able Wealth Management LLC now owns 190,240 shares of the company’s stock valued at $11,968,000 after acquiring an additional 64,063 shares during the last quarter. Finally, Western Wealth Management LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 2.9% during the 2nd quarter. Western Wealth Management LLC now owns 64,975 shares of the company’s stock valued at $3,902,000 after acquiring an additional 1,836 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Down 0.4%

NYSEARCA:JQUA opened at $64.39 on Friday. The stock has a market capitalization of $7.62 billion, a PE ratio of 23.86 and a beta of 0.93. The firm’s 50 day moving average is $63.67 and its 200 day moving average is $62.51. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $64.90.

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.