JPMorgan U.S. Quality Factor ETF $JQUA Holdings Increased by Navalign LLC

Navalign LLC increased its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,438 shares of the company’s stock after acquiring an additional 9,594 shares during the period. JPMorgan U.S. Quality Factor ETF makes up approximately 2.0% of Navalign LLC’s investment portfolio, making the stock its 16th biggest position. Navalign LLC owned approximately 0.12% of JPMorgan U.S. Quality Factor ETF worth $7,998,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cresset Asset Management LLC boosted its stake 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 valued at $402,000 after purchasing an additional 745 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of 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 worth $1,062,000. Betterment LLC raised its stake 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 worth $524,000 after buying an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after buying an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Down 0.5%

Shares of JQUA stock opened at $71.95 on Wednesday. The stock has a 50-day simple moving average of $69.88 and a 200 day simple moving average of $65.82. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.23 and a fifty-two week high of $72.66. The stock has a market capitalization of $8.12 billion, a P/E ratio of 23.86 and a beta of 0.91.

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.