Waterway Wealth Management LLC Purchases New Shares in JPMorgan U.S. Quality Factor ETF $JQUA

Waterway Wealth Management LLC acquired a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 166,840 shares of the company’s stock, valued at approximately $10,496,000. JPMorgan U.S. Quality Factor ETF makes up approximately 2.0% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Waterway Wealth Management LLC owned approximately 0.14% of JPMorgan U.S. Quality Factor ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MGO One Seven LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 32.1% during the 2nd quarter. MGO One Seven LLC now owns 9,137 shares of the company’s stock valued at $549,000 after buying an additional 2,219 shares in the last quarter. Harbour Investments Inc. lifted its position 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 valued at $54,000 after acquiring an additional 190 shares during the period. Strategent Financial LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 2.0% during the second quarter. Strategent Financial LLC now owns 340,484 shares of the company’s stock worth $20,446,000 after acquiring an additional 6,700 shares in the last quarter. Mutual Advisors LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 7.7% in the second quarter. Mutual Advisors LLC now owns 55,545 shares of the company’s stock worth $3,405,000 after purchasing an additional 3,993 shares during the period. Finally, Harbor Asset Planning Inc. bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the second quarter valued at approximately $136,000.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA stock opened at $64.18 on Tuesday. The firm has a 50 day moving average price of $63.86 and a 200-day moving average price of $62.71. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $64.90. The firm 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.