Baird Financial Group Inc. Invests $4.90 Million in JPMorgan U.S. Quality Factor ETF $JQUA

Baird Financial Group Inc. bought a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,620 shares of the company’s stock, valued at approximately $4,901,000. Baird Financial Group Inc. owned approximately 0.07% of JPMorgan U.S. Quality Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in JQUA. Savant Capital LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 14.7% in the second quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock worth $503,341,000 after buying an additional 1,072,456 shares during the period. Intellus Advisors LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 181.2% in the second quarter. Intellus Advisors LLC now owns 523,325 shares of the company’s stock worth $31,426,000 after purchasing an additional 337,229 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 22.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after purchasing an additional 305,026 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 29.6% during the second quarter. JPMorgan Chase & Co. now owns 1,325,435 shares of the company’s stock worth $79,592,000 after purchasing an additional 302,640 shares during the period. Finally, Cetera Investment Advisers grew its position in JPMorgan U.S. Quality Factor ETF by 115.5% during the second quarter. Cetera Investment Advisers now owns 493,467 shares of the company’s stock valued at $29,633,000 after purchasing an additional 264,526 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Down 0.0%

JPMorgan U.S. Quality Factor ETF stock opened at $63.31 on Wednesday. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $63.76. The stock has a market cap of $7.53 billion, a P/E ratio of 23.86 and a beta of 0.93. The company’s fifty day simple moving average is $62.54 and its 200-day simple moving average is $61.38.

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.