Alpha Zero LLC Boosts Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Alpha Zero LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 5.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 178,603 shares of the company’s stock after buying an additional 9,590 shares during the period. JPMorgan U.S. Quality Factor ETF makes up about 5.5% of Alpha Zero LLC’s portfolio, making the stock its 6th largest position. Alpha Zero LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $10,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of JQUA. Focus Partners Wealth boosted its holdings in JPMorgan U.S. Quality Factor ETF by 4,153.5% during the fourth quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after purchasing 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 fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after acquiring an additional 996,453 shares during the period. Hughes Financial Services LLC lifted its holdings 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 acquiring 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% in 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 last quarter. Finally, Savvy Advisors Inc. boosted its position in JPMorgan U.S. Quality Factor ETF by 64.4% in the fourth quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock worth $85,834,000 after purchasing an additional 532,063 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $71.60 on Tuesday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $59.46 and a 1 year high of $72.66. The firm has a market cap of $8.11 billion, a PE ratio of 23.86 and a beta of 0.91. The stock has a fifty day moving average price of $70.80 and a 200-day moving average price of $66.34.

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.