MorganRosel Wealth Management LLC Has $6.44 Million Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

MorganRosel Wealth Management LLC raised its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 1.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 113,859 shares of the company’s stock after buying an additional 1,415 shares during the period. JPMorgan US Quality Factor ETF comprises 2.1% of MorganRosel Wealth Management LLC’s holdings, making the stock its 15th largest position. MorganRosel Wealth Management LLC’s holdings in JPMorgan US Quality Factor ETF were worth $6,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $736,000. Levy Wealth Management Group LLC raised its position in JPMorgan US Quality Factor ETF by 15.6% during the second quarter. Levy Wealth Management Group LLC now owns 634,321 shares of the company’s stock valued at $33,587,000 after buying an additional 85,617 shares during the period. NBC Securities Inc. lifted its stake in JPMorgan US Quality Factor ETF by 12.3% in the 1st quarter. NBC Securities Inc. now owns 5,253 shares of the company’s stock worth $277,000 after acquiring an additional 575 shares in the last quarter. Private Advisor Group LLC boosted its position in JPMorgan US Quality Factor ETF by 35.1% during the 1st quarter. Private Advisor Group LLC now owns 42,546 shares of the company’s stock worth $2,249,000 after acquiring an additional 11,061 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in JPMorgan US Quality Factor ETF by 29.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 17,047 shares of the company’s stock valued at $903,000 after acquiring an additional 3,925 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

JQUA stock opened at $57.20 on Friday. The firm has a 50 day simple moving average of $55.10 and a 200 day simple moving average of $53.26. JPMorgan US Quality Factor ETF has a 52 week low of $41.37 and a 52 week high of $57.26. The stock has a market cap of $4.63 billion, a P/E ratio of 25.27 and a beta of 0.94.

JPMorgan US Quality Factor ETF 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.