395,439 Shares of JPMorgan U.S. Quality Factor ETF $JQUA Purchased by HEMMING& Wealth Management Inc.

HEMMING& Wealth Management Inc. bought a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 395,439 shares of the company’s stock, valued at approximately $29,183,000. JPMorgan U.S. Quality Factor ETF makes up about 17.2% of HEMMING& Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at approximately $29,000. CoreCap Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth $77,000. Lavaca Capital LLC raised its position in JPMorgan U.S. Quality Factor ETF by 24.2% during the 1st quarter. Lavaca Capital LLC now owns 2,409 shares of the company’s stock valued at $148,000 after purchasing an additional 470 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth $152,000. Finally, Mayflower Financial Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter worth $205,000.

JPMorgan U.S. Quality Factor ETF Trading Up 0.7%

Shares of JQUA traded up $0.55 during midday trading on Tuesday, reaching $75.75. 296,153 shares of the stock were exchanged, compared to its average volume of 714,086. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.70 and a 52 week high of $76.06. The company’s 50 day moving average is $74.56 and its two-hundred day moving average is $71.21. The company has a market capitalization of $9.29 billion, a P/E ratio of 23.86 and a beta of 0.90.

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.