M.E. Allison & CO. Inc. Invests $953,000 in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

M.E. Allison & CO. Inc. purchased a new position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,640 shares of the company’s stock, valued at approximately $953,000. JPMorgan US Quality Factor ETF accounts for 1.0% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in JQUA. Wealth Enhancement Advisory Services LLC acquired a new position in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth about $36,676,000. LPL Financial LLC grew its position in JPMorgan US Quality Factor ETF by 16.9% during the third quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock worth $200,219,000 after buying an additional 510,409 shares during the period. Mason & Associates Inc grew its position in JPMorgan US Quality Factor ETF by 57.4% during the fourth quarter. Mason & Associates Inc now owns 1,355,653 shares of the company’s stock worth $77,638,000 after buying an additional 494,630 shares during the period. Spectrum Wealth Advisory Group LLC acquired a new position in JPMorgan US Quality Factor ETF during the third quarter worth about $27,648,000. Finally, Tull Financial Group Inc. acquired a new position in JPMorgan US Quality Factor ETF during the third quarter worth about $24,025,000.

JPMorgan US Quality Factor ETF Price Performance

Shares of NYSEARCA JQUA opened at $58.49 on Monday. JPMorgan US Quality Factor ETF has a 12-month low of $48.03 and a 12-month high of $60.33. The company has a market capitalization of $4.73 billion, a PE ratio of 25.27 and a beta of 0.94. The firm’s 50-day moving average is $58.46 and its two-hundred day moving average is $56.33.

JPMorgan US Quality Factor ETF Company 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.