Baker Avenue Asset Management LP Decreases Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Baker Avenue Asset Management LP lowered its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 435,995 shares of the company’s stock after selling 30,318 shares during the period. Baker Avenue Asset Management LP’s holdings in JPMorgan U.S. Quality Factor ETF were worth $27,546,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 13.4% in the 3rd quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock worth $24,242,000 after buying an additional 45,556 shares during the period. D.A. Davidson & CO. increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 13.6% during the fourth quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock valued at $7,509,000 after buying an additional 14,215 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 71.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 313,401 shares of the company’s stock valued at $19,801,000 after buying an additional 131,103 shares during the period. Breakwater Capital Group increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.4% during the fourth quarter. Breakwater Capital Group now owns 414,268 shares of the company’s stock valued at $26,173,000 after buying an additional 42,271 shares during the period. Finally, BridgePort Financial Solutions LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 30.0% during the third quarter. BridgePort Financial Solutions LLC now owns 117,813 shares of the company’s stock valued at $7,412,000 after acquiring an additional 27,177 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 0.5%

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $70.23 on Thursday. The company has a market cap of $7.89 billion, a PE ratio of 23.86 and a beta of 0.90. The business has a 50 day moving average of $65.14 and a 200 day moving average of $64.07. JPMorgan U.S. Quality Factor ETF has a 52 week low of $58.18 and a 52 week high of $70.73.

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.