Ballast Financial Advisors LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Ballast Financial Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,283 shares of the company’s stock, valued at approximately $3,556,000. JPMorgan U.S. Quality Factor ETF accounts for approximately 3.7% of Ballast Financial Advisors LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Focus Partners Wealth increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 4,153.5% during the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after acquiring an additional 1,336,332 shares during the last quarter. Savant Capital LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 10.8% during the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after purchasing an additional 996,453 shares during the last quarter. Hughes Financial Services LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 15,645.5% during the fourth quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock worth $55,371,000 after purchasing an additional 870,829 shares during the period. UMB Bank n.a. boosted its position in JPMorgan U.S. Quality Factor ETF by 4,731.9% during the fourth quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock worth $47,428,000 after purchasing an additional 735,143 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in JPMorgan U.S. Quality Factor ETF by 53.0% during the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after purchasing an additional 702,461 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA stock opened at $70.54 on Thursday. The company has a fifty day moving average price of $67.95 and a two-hundred day moving average price of $65.02. JPMorgan U.S. Quality Factor ETF has a one year low of $58.31 and a one year high of $72.31. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

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.