Procyon Advisors LLC Takes $6.76 Million Position in JPMorgan U.S. Quality Factor ETF $JQUA

Procyon Advisors LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 107,054 shares of the company’s stock, valued at approximately $6,764,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 29.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,325,435 shares of the company’s stock valued at $79,592,000 after buying an additional 302,640 shares in the last quarter. Journey Strategic Wealth LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 27.1% in the 2nd quarter. Journey Strategic Wealth LLC now owns 9,301 shares of the company’s stock worth $559,000 after acquiring an additional 1,981 shares in the last quarter. Pettyjohn Wood & White Inc. bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth about $210,000. Coldstream Capital Management Inc. lifted its position in JPMorgan U.S. Quality Factor ETF by 1,629.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 4,444 shares of the company’s stock valued at $267,000 after acquiring an additional 4,187 shares during the period. Finally, Walled Lake Planning & Wealth Management LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 31.2% during the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 367,802 shares of the company’s stock valued at $22,087,000 after acquiring an additional 87,504 shares during the period.

JPMorgan U.S. Quality Factor ETF Price Performance

NYSEARCA:JQUA opened at $61.47 on Friday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a one year low of $49.25 and a one year high of $64.90. The company’s 50-day simple moving average is $63.77 and its 200 day simple moving average is $63.16.

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.