Envestnet Asset Management Inc. Boosts Position in JPMorgan U.S. Quality Factor ETF $JQUA

Envestnet Asset Management Inc. raised its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 943,733 shares of the company’s stock after buying an additional 112,010 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan U.S. Quality Factor ETF were worth $59,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in JQUA. Drive Wealth Management LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 1.0% during the second quarter. Drive Wealth Management LLC now owns 18,785 shares of the company’s stock worth $1,128,000 after acquiring an additional 181 shares during the period. AE Wealth Management LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 11.8% in the second quarter. AE Wealth Management LLC now owns 1,777 shares of the company’s stock worth $107,000 after purchasing an additional 187 shares in the last quarter. Harbour Investments Inc. increased its holdings in JPMorgan U.S. Quality Factor ETF by 26.5% during the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares during the period. Financial Network Wealth Advisors LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 3.7% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock worth $351,000 after purchasing an additional 198 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its position in JPMorgan U.S. Quality Factor ETF by 19.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,250 shares of the company’s stock valued at $75,000 after purchasing an additional 201 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Up 0.2%

Shares of JQUA stock opened at $64.18 on Tuesday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $64.90. The stock has a fifty day simple moving average of $63.86 and a two-hundred day simple moving average of $62.71. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

About JPMorgan U.S. 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.