Cornerstone Wealth LLC TN Sells 30,722 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Cornerstone Wealth LLC TN decreased its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 34.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,534 shares of the company’s stock after selling 30,722 shares during the period. JPMorgan U.S. Quality Factor ETF comprises 2.1% of Cornerstone Wealth LLC TN’s investment portfolio, making the stock its 18th biggest position. Cornerstone Wealth LLC TN’s holdings in JPMorgan U.S. Quality Factor ETF were worth $4,368,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JQUA. Elm3 Financial Group LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $893,000. Baird Financial Group Inc. increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock valued at $7,961,000 after purchasing an additional 8,909 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the 1st quarter valued at about $10,477,000. Gibbs Wealth Management raised its holdings in JPMorgan U.S. Quality Factor ETF by 114.5% in the 1st quarter. Gibbs Wealth Management now owns 92,546 shares of the company’s stock worth $5,675,000 after purchasing an additional 49,407 shares during the period. Finally, Fifth Third Bancorp acquired a new position in JPMorgan U.S. Quality Factor ETF in the 1st quarter worth about $2,773,000.

JPMorgan U.S. Quality Factor ETF Trading Up 0.1%

Shares of JQUA stock opened at $76.66 on Friday. The company has a market capitalization of $9.54 billion, a P/E ratio of 23.86 and a beta of 0.90. The business’s 50 day moving average is $74.80 and its two-hundred day moving average is $69.31. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $76.68.

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.