Park Avenue Securities LLC Reduces Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Park Avenue Securities LLC reduced its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 238,353 shares of the company’s stock after selling 3,795 shares during the period. Park Avenue Securities LLC’s holdings in JPMorgan US Quality Factor ETF were worth $13,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in JPMorgan US Quality Factor ETF in the 2nd quarter worth about $34,000. EverSource Wealth Advisors LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the second quarter valued at approximately $44,000. Abound Wealth Management purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter valued at approximately $55,000. Fortitude Family Office LLC purchased a new position in JPMorgan US Quality Factor ETF in the 3rd quarter valued at approximately $68,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF during the second quarter worth $109,000.

JPMorgan US Quality Factor ETF Price Performance

JPMorgan US Quality Factor ETF stock opened at $57.15 on Wednesday. JPMorgan US Quality Factor ETF has a one year low of $47.72 and a one year high of $60.33. The firm has a market capitalization of $4.63 billion, a P/E ratio of 25.27 and a beta of 0.94. The business has a fifty day moving average price of $58.48 and a 200-day moving average price of $56.22.

JPMorgan US Quality Factor ETF Company 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.