Petra Financial Advisors Inc. Grows Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Petra Financial Advisors Inc. lifted its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,529 shares of the company’s stock after acquiring an additional 12,615 shares during the period. JPMorgan U.S. Quality Factor ETF makes up about 7.0% of Petra Financial Advisors Inc.’s portfolio, making the stock its largest holding. Petra Financial Advisors Inc. owned approximately 0.16% of JPMorgan U.S. Quality Factor ETF worth $12,049,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 10.5% during the third quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock worth $582,579,000 after purchasing an additional 878,484 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 6.6% during the 3rd quarter. Sage Mountain Advisors LLC now owns 2,889,443 shares of the company’s stock worth $181,775,000 after buying an additional 177,728 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 53.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after buying an additional 702,461 shares during the last quarter. Midland Wealth Advisors LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 2.7% in the second quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock valued at $121,683,000 after buying an additional 53,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in JPMorgan U.S. Quality Factor ETF by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,752,280 shares of the company’s stock valued at $105,224,000 after acquiring an additional 116,345 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Up 0.7%

Shares of NYSEARCA JQUA opened at $63.75 on Monday. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $64.90. The stock has a 50-day moving average price of $63.91 and a two-hundred day moving average price of $62.78.

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.