Acorn Wealth Advisors LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Acorn Wealth Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,388 shares of the company’s stock, valued at approximately $1,597,000.

A number of other large investors have also recently made changes to their positions in JQUA. Atlantic Union Bankshares Corp purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the second quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. grew its position in JPMorgan U.S. Quality Factor ETF by 56.4% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock worth $57,000 after purchasing an additional 326 shares during the period. Harbour Investments Inc. grew its position in JPMorgan U.S. Quality Factor ETF by 26.5% in the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares during the period. Parkworth Wealth Management Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $55,000. Finally, Asset Dedication LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 840.0% during the 2nd quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after buying an additional 840 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA stock opened at $64.29 on Friday. JPMorgan U.S. Quality Factor ETF has a 1 year low of $49.25 and a 1 year high of $64.82. The company has a market cap of $7.66 billion, a P/E ratio of 23.86 and a beta of 0.93. The stock’s fifty day moving average price is $63.38 and its 200-day moving average price is $62.39.

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.