HighTower Advisors LLC Grows Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

HighTower Advisors LLC boosted its position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 13.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 385,333 shares of the company’s stock after purchasing an additional 45,556 shares during the period. HighTower Advisors LLC owned about 0.32% of JPMorgan U.S. Quality Factor ETF worth $24,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JQUA. Atlantic Union Bankshares Corp purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the second quarter valued at approximately $25,000. Harbour Investments Inc. grew its stake 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 valued at $54,000 after purchasing an additional 190 shares during the period. Parkworth Wealth Management Inc. purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $55,000. Asset Dedication LLC raised its stake 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 worth $56,000 after purchasing an additional 840 shares during the period. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in shares of 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 buying an additional 326 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

NYSEARCA JQUA opened at $64.03 on Thursday. The company has a market capitalization of $7.58 billion, a PE ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $64.90. The company has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $62.84.

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.