Valley National Advisers Inc. Purchases 9,235 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Valley National Advisers Inc. lifted its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,224 shares of the company’s stock after purchasing an additional 9,235 shares during the period. Valley National Advisers Inc. owned 0.06% of JPMorgan US Quality Factor ETF worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JQUA. KPP Advisory Services LLC bought a new position in JPMorgan US Quality Factor ETF during the 3rd quarter worth $1,697,000. Knightsbridge Asset Management LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 1.9% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 140,354 shares of the company’s stock valued at $6,073,000 after purchasing an additional 2,623 shares in the last quarter. Jackson Wealth Management LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 6.5% in the 3rd quarter. Jackson Wealth Management LLC now owns 19,911 shares of the company’s stock valued at $862,000 after purchasing an additional 1,221 shares in the last quarter. JT Stratford LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 19.0% in the 3rd quarter. JT Stratford LLC now owns 17,050 shares of the company’s stock valued at $738,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Royal Harbor Partners LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 5.5% in the 3rd quarter. Royal Harbor Partners LLC now owns 121,594 shares of the company’s stock valued at $5,261,000 after purchasing an additional 6,364 shares in the last quarter.

JPMorgan US Quality Factor ETF Price Performance

Shares of NYSEARCA JQUA traded up $0.06 during mid-day trading on Wednesday, hitting $53.07. 240,806 shares of the stock traded hands, compared to its average volume of 594,664. JPMorgan US Quality Factor ETF has a twelve month low of $41.37 and a twelve month high of $53.56. The company has a market cap of $4.30 billion, a PE ratio of 25.27 and a beta of 0.94. The firm has a 50 day simple moving average of $52.06 and a two-hundred day simple moving average of $50.93.

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.