Tsfg LLC Sells 82,244 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Tsfg LLC cut its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 51.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 78,576 shares of the company’s stock after selling 82,244 shares during the period. Tsfg LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $4,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JQUA. Cresset Asset Management LLC lifted its position 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 buying an additional 745 shares in the last quarter. Qube Research & Technologies Ltd lifted 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 worth $233,000 after buying an additional 541 shares in the last quarter. 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 during the period. Finally, Raymond James Financial Inc. raised its holdings 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 valued at $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA stock opened at $68.30 on Tuesday. The firm’s 50-day moving average is $63.84 and its 200-day moving average is $63.55. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 52-week low of $57.69 and a 52-week high of $68.46.

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.