NewEdge Advisors LLC Trims Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

NewEdge Advisors LLC trimmed its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 436,166 shares of the company’s stock after selling 35,238 shares during the quarter. NewEdge Advisors LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $26,746,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 10.8% during the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after purchasing an additional 996,453 shares in the last quarter. Signaturefd LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 1.2% during the fourth quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after buying an additional 66,385 shares during the period. Morgan Stanley lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after buying an additional 293,117 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock worth $185,721,000 after buying an additional 50,109 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 16.8% in the third quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock valued at $106,439,000 after acquiring an additional 243,540 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Down 0.6%

JQUA stock opened at $71.60 on Thursday. The firm has a 50 day moving average of $71.28 and a 200-day moving average of $66.73. The firm has a market capitalization of $8.14 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.46 and a 12 month high of $72.68.

JPMorgan U.S. Quality Factor ETF Company 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.