Truist Financial Corp Lowers Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Truist Financial Corp cut its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 170,020 shares of the company’s stock after selling 1,250 shares during the quarter. Truist Financial Corp’s holdings in JPMorgan US Quality Factor ETF were worth $9,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC increased its position in shares of JPMorgan US Quality Factor ETF by 21.6% during the fourth quarter. Savant Capital LLC now owns 6,224,628 shares of the company’s stock valued at $356,484,000 after acquiring an additional 1,104,556 shares in the last quarter. LPL Financial LLC increased its position in shares of JPMorgan US Quality Factor ETF by 16.9% during the third quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock valued at $200,219,000 after acquiring an additional 510,409 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of JPMorgan US Quality Factor ETF by 1.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,682,855 shares of the company’s stock valued at $153,647,000 after acquiring an additional 44,726 shares in the last quarter. Townsquare Capital LLC increased its position in shares of JPMorgan US Quality Factor ETF by 6.1% during the third quarter. Townsquare Capital LLC now owns 1,415,009 shares of the company’s stock valued at $80,047,000 after acquiring an additional 81,577 shares in the last quarter. Finally, Mason & Associates Inc increased its position in shares of JPMorgan US Quality Factor ETF by 57.4% during the fourth quarter. Mason & Associates Inc now owns 1,355,653 shares of the company’s stock valued at $77,638,000 after acquiring an additional 494,630 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Down 1.6 %

Shares of JQUA opened at $59.47 on Friday. The company has a market capitalization of $5.92 billion, a P/E ratio of 25.89 and a beta of 0.95. The firm has a 50 day moving average of $58.81 and a 200 day moving average of $57.39. JPMorgan US Quality Factor ETF has a twelve month low of $49.60 and a twelve month high of $60.79.

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.