Marks Group Wealth Management Inc Buys 196,871 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Marks Group Wealth Management Inc grew its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 1,809.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 207,754 shares of the company’s stock after buying an additional 196,871 shares during the quarter. JPMorgan U.S. Quality Factor ETF makes up approximately 1.2% of Marks Group Wealth Management Inc’s portfolio, making the stock its 13th largest holding. Marks Group Wealth Management Inc’s holdings in JPMorgan U.S. Quality Factor ETF were worth $12,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 8.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 305,486 shares of the company’s stock valued at $18,732,000 after acquiring an additional 23,003 shares in the last quarter. Illumine Investment Management LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 1.2% during the first quarter. Illumine Investment Management LLC now owns 20,480 shares of the company’s stock worth $1,256,000 after purchasing an additional 245 shares during the period. ARQ Wealth Advisors LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 55.4% during the first quarter. ARQ Wealth Advisors LLC now owns 15,792 shares of the company’s stock valued at $968,000 after purchasing an additional 5,631 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the first quarter valued at approximately $2,772,000. Finally, Midwest Trust Co bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the first quarter valued at approximately $345,000.

JPMorgan U.S. Quality Factor ETF Trading Down 0.5%

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $72.00 on Thursday. The firm has a fifty day simple moving average of $70.57 and a 200-day simple moving average of $66.17. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.23 and a 1-year high of $72.66. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

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.