Beacon Pointe Advisors LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Beacon Pointe Advisors LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 38,438 shares of the company’s stock, valued at approximately $2,308,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Keystone Global Partners LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 77.7% in the 2nd quarter. Keystone Global Partners LLC now owns 117,713 shares of the company’s stock valued at $7,069,000 after acquiring an additional 51,468 shares during the last quarter. Sovran Advisors LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the second quarter worth about $221,000. Western Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.9% in the second quarter. Western Wealth Management LLC now owns 64,975 shares of the company’s stock valued at $3,902,000 after purchasing an additional 1,836 shares in the last quarter. Brueske Advisory Services LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 97.3% in the second quarter. Brueske Advisory Services LLC now owns 33,876 shares of the company’s stock valued at $2,034,000 after purchasing an additional 16,706 shares during the last quarter. Finally, Woodmont Investment Counsel LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 5.3% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 147,032 shares of the company’s stock worth $8,829,000 after purchasing an additional 7,353 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $63.31 on Friday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $49.25 and a 1 year high of $63.74. The business has a 50 day moving average price of $62.50 and a 200 day moving average price of $61.25. The company has a market capitalization of $7.53 billion, a P/E ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. Quality Factor ETF Company 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.