Cobblestone Asset Management LLC Reduces Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Cobblestone Asset Management LLC cut its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,986 shares of the company’s stock after selling 36,253 shares during the period. JPMorgan U.S. Quality Factor ETF comprises approximately 4.4% of Cobblestone Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Cobblestone Asset Management LLC owned about 0.13% of JPMorgan U.S. Quality Factor ETF worth $9,624,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of JQUA. Betterment LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 6.4% in the 1st quarter. Betterment LLC now owns 5,846 shares of the company’s stock valued at $330,000 after purchasing an additional 352 shares during the period. Ameriflex Group Inc. grew its position in JPMorgan U.S. Quality Factor ETF by 32.5% during the first quarter. Ameriflex Group Inc. now owns 22,302 shares of the company’s stock valued at $1,259,000 after buying an additional 5,472 shares during the period. EP Wealth Advisors LLC grew its position in JPMorgan U.S. Quality Factor ETF by 2.6% during the first quarter. EP Wealth Advisors LLC now owns 140,884 shares of the company’s stock valued at $7,956,000 after buying an additional 3,519 shares during the period. NewEdge Advisors LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 415,187 shares of the company’s stock worth $23,446,000 after buying an additional 11,329 shares during the last quarter. Finally, Coordinated Financial Services Inc. CO bought a new stake in JPMorgan U.S. Quality Factor ETF in the first quarter worth about $373,000.

JPMorgan U.S. Quality Factor ETF Stock Down 0.3%

JQUA opened at $63.88 on Tuesday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $64.35. The company’s 50-day moving average price is $62.86 and its two-hundred day moving average price is $61.84. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. 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.