LPL Financial LLC Increases Stock Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

LPL Financial LLC boosted its holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,539,316 shares of the company’s stock after buying an additional 510,409 shares during the quarter. LPL Financial LLC’s holdings in JPMorgan US Quality Factor ETF were worth $200,219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JQUA. Savant Capital LLC increased its holdings in shares of JPMorgan US Quality Factor ETF by 26.2% during the 2nd quarter. Savant Capital LLC now owns 2,848,449 shares of the company’s stock valued at $150,825,000 after acquiring an additional 590,900 shares during the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in JPMorgan US Quality Factor ETF in the third quarter valued at about $27,648,000. Tull Financial Group Inc. bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter valued at about $24,025,000. Goldstone Financial Group LLC acquired a new stake in JPMorgan US Quality Factor ETF in the third quarter worth $23,250,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in JPMorgan US Quality Factor ETF by 63.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 691,322 shares of the company’s stock worth $36,606,000 after acquiring an additional 269,577 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Up 1.3 %

Shares of NYSEARCA:JQUA opened at $58.69 on Friday. The stock has a market cap of $4.75 billion, a PE ratio of 25.27 and a beta of 0.94. The business has a 50 day moving average of $56.98 and a 200-day moving average of $54.51. JPMorgan US Quality Factor ETF has a 12-month low of $45.42 and a 12-month high of $59.07.

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.