JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 39.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,177,299 shares of the company’s stock after selling 781,319 shares during the period. JPMorgan Chase & Co.’s holdings in JPMorgan US Quality Factor ETF were worth $66,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in JPMorgan US Quality Factor ETF by 5.6% in the 3rd quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock valued at $273,000 after acquiring an additional 258 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in JPMorgan US Quality Factor ETF by 5.7% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock valued at $361,000 after buying an additional 342 shares in the last quarter. Private Trust Co. NA increased its stake in shares of JPMorgan US Quality Factor ETF by 4.9% in the 3rd quarter. Private Trust Co. NA now owns 7,308 shares of the company’s stock worth $413,000 after acquiring an additional 343 shares during the last quarter. Patten Group Inc. raised its holdings in shares of JPMorgan US Quality Factor ETF by 4.2% during the 3rd quarter. Patten Group Inc. now owns 9,014 shares of the company’s stock worth $510,000 after acquiring an additional 366 shares during the period. Finally, 3Chopt Investment Partners LLC grew its holdings in shares of JPMorgan US Quality Factor ETF by 2.6% in the second quarter. 3Chopt Investment Partners LLC now owns 15,486 shares of the company’s stock valued at $820,000 after purchasing an additional 392 shares during the period.

JPMorgan US Quality Factor ETF Price Performance

NYSEARCA:JQUA opened at $57.71 on Friday. The company’s 50-day moving average is $58.37 and its two-hundred day moving average is $55.98. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 1-year low of $46.98 and a 1-year high of $60.33.

JPMorgan US 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.