Merit Financial Group LLC Has $2.72 Million Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Merit Financial Group LLC cut its holdings in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 21.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,501 shares of the company’s stock after selling 12,621 shares during the quarter. Merit Financial Group LLC owned 0.06% of JPMorgan US Quality Factor ETF worth $2,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JQUA. Kayne Anderson Rudnick Investment Management LLC acquired a new position in JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF during the second quarter worth $44,000. Abound Wealth Management acquired a new position in JPMorgan US Quality Factor ETF in the 4th quarter worth about $55,000. Fortitude Family Office LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF during the 3rd quarter valued at about $68,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $109,000.

JPMorgan US Quality Factor ETF Stock Performance

Shares of JQUA opened at $58.49 on Monday. The firm’s 50 day moving average price is $58.46 and its 200 day moving average price is $56.33. JPMorgan US Quality Factor ETF has a twelve month low of $48.03 and a twelve month high of $60.33. The firm has a market cap of $4.73 billion, a PE ratio of 25.27 and a beta of 0.94.

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.