Modern Wealth Management LLC Purchases 16,844 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Modern Wealth Management LLC grew its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 171,663 shares of the company’s stock after acquiring an additional 16,844 shares during the period. Modern Wealth Management LLC’s holdings in JPMorgan US Quality Factor ETF were worth $10,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in JPMorgan US Quality Factor ETF in the 4th quarter worth $29,000. CENTRAL TRUST Co bought a new position in shares of JPMorgan US Quality Factor ETF in the fourth quarter worth about $47,000. Abound Wealth Management purchased a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth about $55,000. Fortitude Family Office LLC raised its stake in JPMorgan US Quality Factor ETF by 45.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,750 shares of the company’s stock valued at $100,000 after purchasing an additional 550 shares during the period. Finally, New Republic Capital LLC purchased a new position in JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $107,000.

JPMorgan US Quality Factor ETF Price Performance

JQUA stock opened at $57.58 on Tuesday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 24.52 and a beta of 0.95. JPMorgan US Quality Factor ETF has a 1-year low of $49.61 and a 1-year high of $60.79. The business has a 50 day simple moving average of $58.77 and a two-hundred day simple moving average of $57.94.

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.