Hershey Financial Advisers LLC Invests $1.07 Million in JPMorgan U.S. Quality Factor ETF $JQUA

Hershey Financial Advisers LLC bought a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the second quarter, HoldingsChannel reports. The fund bought 17,755 shares of the company’s stock, valued at approximately $1,066,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JQUA. Savant Capital LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 14.7% during the 2nd quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock worth $503,341,000 after buying an additional 1,072,456 shares in the last quarter. Intellus Advisors LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 181.2% in the second quarter. Intellus Advisors LLC now owns 523,325 shares of the company’s stock valued at $31,426,000 after acquiring an additional 337,229 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan U.S. Quality Factor ETF by 22.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after acquiring an additional 305,026 shares in the last quarter. JPMorgan Chase & Co. boosted its position in JPMorgan U.S. Quality Factor ETF by 29.6% during the second quarter. JPMorgan Chase & Co. now owns 1,325,435 shares of the company’s stock valued at $79,592,000 after purchasing an additional 302,640 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in JPMorgan U.S. Quality Factor ETF by 23.1% during the second 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 last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 0.9%

NYSEARCA:JQUA opened at $63.74 on Friday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $64.35. The stock’s 50 day moving average price is $62.59 and its two-hundred day moving average price is $61.48.

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.