Avidian Wealth Enterprises LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 989,337 shares of the company’s stock, valued at approximately $73,013,000. JPMorgan U.S. Quality Factor ETF makes up about 2.0% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 8th biggest holding.
Other hedge funds also recently made changes to their positions in the company. Ayalon Insurance Comp Ltd. bought a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $3,580,000. Cooper Financial Group acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth about $1,141,000. Elm3 Financial Group LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth $893,000. Emprise Bank bought a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter valued at $1,021,000. Finally, RVW Wealth LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth $74,549,000.
JPMorgan U.S. Quality Factor ETF Price Performance
Shares of NYSEARCA JQUA traded down $0.01 during midday trading on Thursday, reaching $75.15. 190,451 shares of the stock were exchanged, compared to its average volume of 707,143. The business has a 50-day simple moving average of $74.26 and a two-hundred day simple moving average of $70.41. JPMorgan U.S. Quality Factor ETF has a 12 month low of $59.70 and a 12 month high of $75.69. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.
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.
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