Goldstone Financial Group LLC Takes $23.25 Million Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Goldstone Financial Group LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 411,001 shares of the company’s stock, valued at approximately $23,250,000. JPMorgan US Quality Factor ETF accounts for about 4.0% of Goldstone Financial Group LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JQUA. Koesten Hirschmann & Crabtree INC. lifted its stake in shares of JPMorgan US Quality Factor ETF by 145.5% in the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in JPMorgan US Quality Factor ETF in the second quarter worth approximately $34,000. International Assets Investment Management LLC bought a new stake in shares of JPMorgan US Quality Factor ETF during the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter worth $44,000. Finally, Fortitude Family Office LLC bought a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth $68,000.

JPMorgan US Quality Factor ETF Trading Down 0.3 %

Shares of NYSEARCA:JQUA opened at $56.67 on Thursday. The stock has a 50 day moving average of $56.07 and a 200 day moving average of $53.71. The company has a market cap of $4.59 billion, a PE ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 12-month low of $41.80 and a 12-month high of $57.90.

About JPMorgan US 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.