Savvy Advisors Inc. Has $19.05 Million Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Savvy Advisors Inc. boosted its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,630 shares of the company’s stock after acquiring an additional 62,547 shares during the quarter. JPMorgan US Quality Factor ETF accounts for 2.3% of Savvy Advisors Inc.’s portfolio, making the stock its 7th largest position. Savvy Advisors Inc.’s holdings in JPMorgan US Quality Factor ETF were worth $19,050,000 as of its most recent filing with the Securities and Exchange Commission.

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

JPMorgan US Quality Factor ETF Stock Up 1.6 %

Shares of JQUA opened at $53.70 on Friday. The company has a 50 day moving average of $57.32 and a 200-day moving average of $57.80. The stock has a market capitalization of $5.39 billion, a P/E ratio of 22.94 and a beta of 0.95. JPMorgan US Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $60.79.

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.