Janney Montgomery Scott LLC Has $12.78 Million Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Janney Montgomery Scott LLC cut its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,889 shares of the company’s stock after selling 2,586 shares during the period. Janney Montgomery Scott LLC owned 0.20% of JPMorgan U.S. Quality Factor ETF worth $12,784,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 775.0% during the first quarter. Continuum Advisory LLC now owns 455 shares of the company’s stock worth $26,000 after acquiring an additional 403 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its position in JPMorgan U.S. Quality Factor ETF by 68.5% during the first quarter. DHJJ Financial Advisors Ltd. now owns 578 shares of the company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Wagner Wealth Management LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 516.3% during the first quarter. Wagner Wealth Management LLC now owns 604 shares of the company’s stock worth $34,000 after acquiring an additional 506 shares during the last quarter. CX Institutional acquired a new stake in JPMorgan U.S. Quality Factor ETF during the first quarter worth approximately $43,000. Finally, GPS Wealth Strategies Group LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 49.9% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,049 shares of the company’s stock worth $59,000 after acquiring an additional 349 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 0.1%

Shares of JQUA stock opened at $63.06 on Friday. The firm has a 50 day moving average price of $61.84 and a two-hundred day moving average price of $59.11. The company has a market capitalization of $7.37 billion, a PE ratio of 23.86 and a beta of 0.92. JPMorgan U.S. Quality Factor ETF has a 12-month low of $49.25 and a 12-month high of $63.43.

About JPMorgan U.S. 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.