Fifth Third Bancorp Buys New Stake in JPMorgan U.S. Quality Factor ETF $JQUA

Fifth Third Bancorp bought a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the first quarter, according to its most recent filing with the SEC. The firm bought 45,223 shares of the company’s stock, valued at approximately $2,773,000.

A number of other hedge funds have also modified their holdings of JQUA. Operose Advisors LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 65.5% in the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after purchasing an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth approximately $39,000. Wealth Watch Advisors INC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the third quarter worth approximately $57,000. Smartleaf Asset Management LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after buying an additional 998 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at about $71,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA stock opened at $71.60 on Tuesday. The company has a market capitalization of $8.11 billion, a PE ratio of 23.86 and a beta of 0.91. The firm’s 50-day moving average is $70.80 and its two-hundred day moving average is $66.34. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.46 and a 12 month high of $72.66.

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.