StrongBox Wealth LLC Makes New $6.27 Million Investment in JPMorgan U.S. Quality Factor ETF $JQUA

StrongBox Wealth LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 84,939 shares of the company’s stock, valued at approximately $6,269,000. JPMorgan U.S. Quality Factor ETF makes up 1.7% of StrongBox Wealth LLC’s investment portfolio, making the stock its 27th biggest holding. StrongBox Wealth LLC owned approximately 0.07% of JPMorgan U.S. Quality Factor ETF as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $61,749,000. Sanchez Wealth Management Group acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $1,550,000. Strategent Financial LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 3.6% during the third quarter. Strategent Financial LLC now owns 394,767 shares of the company’s stock worth $29,134,000 after buying an additional 13,630 shares in the last quarter. Hughes Financial Services LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 4.5% during the third quarter. Hughes Financial Services LLC now owns 1,056,570 shares of the company’s stock worth $80,997,000 after buying an additional 45,296 shares in the last quarter. Finally, Spectrum Wealth Advisory Group LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the third quarter worth about $24,091,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA JQUA opened at $73.40 on Friday. The company has a 50-day simple moving average of $74.86 and a 200-day simple moving average of $69.58. The company has a market cap of $9.29 billion, a PE ratio of 23.53 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.70 and a 12 month high of $76.68.

JPMorgan U.S. 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.