Baker Avenue Asset Management LP Purchases 1,463 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Baker Avenue Asset Management LP raised its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 474,507 shares of the company’s stock after purchasing an additional 1,463 shares during the quarter. JPMorgan US Quality Factor ETF accounts for 0.9% of Baker Avenue Asset Management LP’s investment portfolio, making the stock its 27th largest holding. Baker Avenue Asset Management LP’s holdings in JPMorgan US Quality Factor ETF were worth $26,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JQUA. Koesten Hirschmann & Crabtree INC. increased its holdings in JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of JPMorgan US Quality Factor ETF during the second quarter worth about $34,000. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF in the second quarter worth approximately $36,000. EverSource Wealth Advisors LLC bought a new position in JPMorgan US Quality Factor ETF during the 2nd quarter valued at $44,000. Finally, Fortitude Family Office LLC bought a new position in shares of JPMorgan US Quality Factor ETF during the third quarter valued at about $68,000.

JPMorgan US Quality Factor ETF Trading Up 0.5 %

Shares of JPMorgan US Quality Factor ETF stock opened at $58.83 on Friday. JPMorgan US Quality Factor ETF has a 12 month low of $43.58 and a 12 month high of $58.95. The business’s fifty day simple moving average is $56.34 and its 200 day simple moving average is $54.05. The firm has a market capitalization of $4.76 billion, a P/E 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.