Breakwater Capital Group Acquires 452,494 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Breakwater Capital Group bought a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 452,494 shares of the company’s stock, valued at approximately $33,394,000. JPMorgan U.S. Quality Factor ETF makes up 3.9% of Breakwater Capital Group’s holdings, making the stock its largest position. Breakwater Capital Group owned 0.37% of JPMorgan U.S. Quality Factor ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JQUA. Elm3 Financial Group LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $893,000. Baird Financial Group Inc. grew its holdings in JPMorgan U.S. Quality Factor ETF by 8.8% in the second quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock worth $7,961,000 after purchasing an additional 8,909 shares during the period. TritonPoint Partners LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the fourth quarter worth about $697,000. Waterway Wealth Management LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 24.2% during the fourth quarter. Waterway Wealth Management LLC now owns 207,272 shares of the company’s stock valued at $13,095,000 after purchasing an additional 40,432 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 12.3% during the first quarter. Blue Trust Inc. now owns 97,962 shares of the company’s stock valued at $6,007,000 after purchasing an additional 10,709 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA stock opened at $75.36 on Friday. The firm has a 50 day moving average price of $74.33 and a 200-day moving average price of $70.51. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.70 and a 52-week high of $75.69. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

JPMorgan U.S. Quality Factor ETF Company 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.