Alpha Zero LLC Has $10.95 Million Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Alpha Zero LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 5.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,603 shares of the company’s stock after acquiring an additional 9,590 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for about 5.5% of Alpha Zero LLC’s portfolio, making the stock its 6th largest position. Alpha Zero LLC owned approximately 0.16% of JPMorgan U.S. Quality Factor ETF worth $10,952,000 as of its most recent filing with the Securities & Exchange Commission.

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

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

Shares of NYSEARCA:JQUA opened at $71.60 on Tuesday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.46 and a twelve month high of $72.66. The stock’s 50 day moving average is $70.80 and its 200-day moving average is $66.34. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

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.