HighTower Advisors LLC Purchases 45,556 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

HighTower Advisors LLC increased its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 13.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 385,333 shares of the company’s stock after purchasing an additional 45,556 shares during the period. HighTower Advisors LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $24,242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in JPMorgan U.S. Quality Factor ETF by 26.5% during the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock valued at $54,000 after purchasing an additional 190 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 286.9% in the second quarter. D.A. Davidson & CO. now owns 77,095 shares of the company’s stock valued at $4,630,000 after purchasing an additional 57,170 shares during the period. Patten Group Inc. lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.8% during the 2nd quarter. Patten Group Inc. now owns 9,684 shares of the company’s stock valued at $582,000 after buying an additional 1,021 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 1.7% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 119,632 shares of the company’s stock worth $7,184,000 after buying an additional 2,005 shares during the period. Finally, CAP Partners LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 7.2% in the 2nd quarter. CAP Partners LLC now owns 43,069 shares of the company’s stock worth $2,586,000 after buying an additional 2,900 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Up 0.6%

JPMorgan U.S. Quality Factor ETF stock opened at $64.03 on Thursday. The firm has a 50 day simple moving average of $63.92 and a 200 day simple moving average of $62.84. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $64.90. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

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.