Strategent Financial LLC Takes $17.94 Million Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Strategent Financial LLC bought a new position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 313,288 shares of the company’s stock, valued at approximately $17,942,000. JPMorgan US Quality Factor ETF accounts for 17.8% of Strategent Financial LLC’s holdings, making the stock its 2nd biggest holding. Strategent Financial LLC owned 0.39% of JPMorgan US Quality Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in JQUA. Nations Financial Group Inc. IA ADV boosted its stake in shares of JPMorgan US Quality Factor ETF by 1.1% during 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 acquiring an additional 201 shares during the last quarter. Allworth Financial LP increased its holdings in JPMorgan US Quality Factor ETF by 5.6% in the 3rd quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock valued at $273,000 after purchasing an additional 258 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of JPMorgan US Quality Factor ETF by 5.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock worth $361,000 after buying an additional 342 shares during the period. Private Trust Co. NA grew its stake in shares of JPMorgan US Quality Factor ETF by 4.9% in the third quarter. Private Trust Co. NA now owns 7,308 shares of the company’s stock valued at $413,000 after buying an additional 343 shares in the last quarter. Finally, FPC Investment Advisory Inc. acquired a new position in JPMorgan US Quality Factor ETF during the 4th quarter worth approximately $29,000.

JPMorgan US Quality Factor ETF Trading Down 0.1 %

JQUA opened at $59.41 on Tuesday. JPMorgan US Quality Factor ETF has a twelve month low of $49.60 and a twelve month high of $60.79. The company has a fifty day simple moving average of $58.81 and a 200 day simple moving average of $57.52. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 25.89 and a beta of 0.95.

JPMorgan US 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.