BridgePort Financial Solutions LLC trimmed its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,520 shares of the company’s stock after selling 32,293 shares during the period. JPMorgan U.S. Quality Factor ETF comprises about 1.5% of BridgePort Financial Solutions LLC’s holdings, making the stock its 14th biggest position. BridgePort Financial Solutions LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $5,403,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of JQUA. Beacon Pointe Advisors LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the 2nd quarter valued at approximately $2,308,000. Twin Peaks Wealth Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter valued at $84,000. Parkworth Wealth Management Inc. acquired a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter valued at $55,000. Baird Financial Group Inc. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the second quarter valued at $4,901,000. Finally, Cresset Asset Management LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after buying an additional 745 shares during the last quarter.
JPMorgan U.S. Quality Factor ETF Stock Up 0.4%
JPMorgan U.S. Quality Factor ETF stock opened at $61.80 on Friday. JPMorgan U.S. Quality Factor ETF has a 52 week low of $49.25 and a 52 week high of $64.90. The firm’s 50-day simple moving average is $63.23 and its 200 day simple moving average is $63.09. The firm has a market capitalization of $7.32 billion, a PE ratio of 23.86 and a beta of 0.93.
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.
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