Gibbs Wealth Management Raises Stock Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Gibbs Wealth Management lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 114.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,546 shares of the company’s stock after acquiring an additional 49,407 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for about 0.7% of Gibbs Wealth Management’s holdings, making the stock its 28th biggest position. Gibbs Wealth Management owned approximately 0.08% of JPMorgan U.S. Quality Factor ETF worth $5,675,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Operose Advisors LLC raised its position in JPMorgan U.S. Quality Factor ETF by 65.5% in the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after purchasing an additional 235 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at $39,000. Wealth Watch Advisors INC acquired a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at $57,000. Smartleaf Asset Management LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after buying an additional 998 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth about $71,000.

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

NYSEARCA JQUA opened at $71.22 on Friday. The firm has a market cap of $8.09 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.46 and a 52-week high of $72.66. The business’s 50-day moving average price is $71.01 and its 200 day moving average price is $66.51.

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.