Concord Asset Management LLC VA Acquires 6,185 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Concord Asset Management LLC VA boosted its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 175,950 shares of the company’s stock after acquiring an additional 6,185 shares during the period. JPMorgan US Quality Factor ETF makes up approximately 2.2% of Concord Asset Management LLC VA’s holdings, making the stock its 14th biggest holding. Concord Asset Management LLC VA’s holdings in JPMorgan US Quality Factor ETF were worth $9,953,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Koesten Hirschmann & Crabtree INC. boosted its stake in shares of JPMorgan US Quality Factor ETF by 145.5% in the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during 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 $34,000. International Assets Investment Management LLC bought a new position in JPMorgan US Quality Factor ETF during the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC bought a new position in shares of JPMorgan US Quality Factor ETF during the second quarter worth about $44,000. Finally, Fortitude Family Office LLC bought a new position in shares of JPMorgan US Quality Factor ETF during the 3rd quarter worth approximately $68,000.

JPMorgan US Quality Factor ETF Trading Down 1.2 %

Shares of JQUA stock opened at $57.56 on Friday. The firm’s fifty day moving average price is $56.71 and its two-hundred day moving average price is $54.32. The firm has a market capitalization of $4.66 billion, a P/E ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 1 year low of $44.89 and a 1 year high of $59.07.

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.