Sax Wealth Advisors LLC Makes New Investment in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Sax Wealth Advisors LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,486 shares of the company’s stock, valued at approximately $343,000.

Several other institutional investors and hedge funds have also modified their holdings of JQUA. Kathmere Capital Management LLC grew its position in JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock worth $3,168,000 after acquiring an additional 211 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in JPMorgan US Quality Factor ETF by 6.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,117 shares of the company’s stock worth $197,000 after purchasing an additional 243 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its position in JPMorgan US Quality Factor ETF by 145.5% during the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after buying an additional 320 shares during the last quarter. Spire Wealth Management raised its holdings in JPMorgan US Quality Factor ETF by 2.0% during the fourth quarter. Spire Wealth Management now owns 18,122 shares of the company’s stock valued at $890,000 after buying an additional 348 shares in the last quarter. Finally, Gallacher Capital Management LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 0.6% in the first quarter. Gallacher Capital Management LLC now owns 66,129 shares of the company’s stock worth $3,496,000 after buying an additional 388 shares during the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

Shares of NYSEARCA JQUA traded up $0.24 during mid-day trading on Friday, reaching $52.80. 349,883 shares of the company traded hands, compared to its average volume of 564,861. The company’s fifty day moving average is $53.02 and its two-hundred day moving average is $51.93. JPMorgan US Quality Factor ETF has a fifty-two week low of $41.37 and a fifty-two week high of $54.76. The stock has a market cap of $4.27 billion, a PE ratio of 25.27 and a beta of 0.94.

About JPMorgan US Quality Factor ETF

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.