Saratoga Research & Investment Management Purchases New Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Saratoga Research & Investment Management acquired a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131,175 shares of the company’s stock, valued at approximately $7,512,000. Saratoga Research & Investment Management owned 0.16% of JPMorgan US Quality Factor ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its stake in shares of JPMorgan US Quality Factor ETF by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 18,882 shares of the company’s stock valued at $1,081,000 after purchasing an additional 201 shares during the period. L & S Advisors Inc lifted its holdings in JPMorgan US Quality Factor ETF by 1.1% in the 4th quarter. L & S Advisors Inc now owns 40,501 shares of the company’s stock worth $2,320,000 after buying an additional 424 shares in the last quarter. FPC Investment Advisory Inc. purchased a new position in JPMorgan US Quality Factor ETF in the 4th quarter valued at about $29,000. Fortitude Family Office LLC grew its stake in shares of JPMorgan US Quality Factor ETF by 45.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,750 shares of the company’s stock valued at $100,000 after acquiring an additional 550 shares in the last quarter. Finally, WealthShield Partners LLC grew its stake in shares of JPMorgan US Quality Factor ETF by 3.2% during the fourth quarter. WealthShield Partners LLC now owns 23,502 shares of the company’s stock valued at $1,346,000 after acquiring an additional 737 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

NYSEARCA:JQUA opened at $56.10 on Monday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 24.30 and a beta of 0.95. JPMorgan US Quality Factor ETF has a one year low of $49.61 and a one year high of $60.79. The business’s 50-day simple moving average is $58.69 and its 200 day simple moving average is $58.01.

JPMorgan US Quality Factor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.1591 per share. The ex-dividend date was Tuesday, March 25th.

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.