HighTower Advisors LLC Grows Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

HighTower Advisors LLC increased its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 149.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,430 shares of the company’s stock after purchasing an additional 82,339 shares during the quarter. HighTower Advisors LLC owned approximately 0.17% of JPMorgan US Quality Factor ETF worth $7,871,000 as of its most recent filing with the Securities & Exchange Commission.

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

JPMorgan US Quality Factor ETF Trading Up 1.1 %

Shares of NYSEARCA:JQUA opened at $57.07 on Tuesday. The stock has a fifty day simple moving average of $58.79 and a two-hundred day simple moving average of $57.87. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 24.52 and a beta of 0.95. JPMorgan US Quality Factor ETF has a 12-month low of $49.61 and a 12-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.