Enzi Wealth Reduces Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Enzi Wealth lessened its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 76.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,919 shares of the company’s stock after selling 105,695 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for 0.7% of Enzi Wealth’s investment portfolio, making the stock its 21st biggest position. Enzi Wealth’s holdings in JPMorgan U.S. Quality Factor ETF were worth $2,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Savant Capital LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 10.5% during the third quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock worth $582,579,000 after purchasing an additional 878,484 shares during the period. Sage Mountain Advisors LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 6.6% during the 3rd quarter. Sage Mountain Advisors LLC now owns 2,889,443 shares of the company’s stock valued at $181,775,000 after purchasing an additional 177,728 shares during the period. JPMorgan Chase & Co. increased its holdings in JPMorgan U.S. Quality Factor ETF by 53.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock valued at $127,575,000 after purchasing an additional 702,461 shares during the period. Raymond James Financial Inc. raised its position in JPMorgan U.S. Quality Factor ETF by 16.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock valued at $106,439,000 after purchasing an additional 243,540 shares during the last quarter. Finally, Bank of America Corp DE raised its position in JPMorgan U.S. Quality Factor ETF by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 1,497,909 shares of the company’s stock valued at $94,233,000 after purchasing an additional 83,787 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

NYSEARCA JQUA opened at $61.32 on Wednesday. The stock has a market cap of $7.26 billion, a P/E ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $64.90. The stock has a 50 day simple moving average of $63.33 and a two-hundred day simple moving average of $63.11.

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.