Able Wealth Management LLC Boosts Position in JPMorgan U.S. Quality Factor ETF $JQUA

Able Wealth Management LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,731 shares of the company’s stock after acquiring an additional 36,491 shares during the quarter. JPMorgan U.S. Quality Factor ETF makes up 4.5% of Able Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Able Wealth Management LLC owned approximately 0.19% of JPMorgan U.S. Quality Factor ETF worth $14,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of JQUA. Cresset Asset Management LLC grew its position in JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in JPMorgan U.S. Quality Factor ETF by 16.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after buying an additional 541 shares during the period. Main Street Financial Solutions LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth approximately $1,062,000. Betterment LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after buying an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after buying an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

NYSEARCA JQUA opened at $65.74 on Tuesday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $51.76 and a fifty-two week high of $65.83. The stock has a 50 day simple moving average of $63.14 and a two-hundred day simple moving average of $63.18. The stock has a market cap of $7.37 billion, a P/E ratio of 23.86 and a beta of 0.91.

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.