N.E.W. Advisory Services LLC Purchases 28,514 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

N.E.W. Advisory Services LLC grew its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 44.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 92,081 shares of the company’s stock after buying an additional 28,514 shares during the period. N.E.W. Advisory Services LLC’s holdings in JPMorgan US Quality Factor ETF were worth $5,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of JQUA. Wealth Enhancement Advisory Services LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $36,676,000. LPL Financial LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 16.9% in the 3rd quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock worth $200,219,000 after acquiring an additional 510,409 shares during the period. Mason & Associates Inc lifted its position in shares of JPMorgan US Quality Factor ETF by 57.4% in the 4th quarter. Mason & Associates Inc now owns 1,355,653 shares of the company’s stock worth $77,638,000 after acquiring an additional 494,630 shares during the period. Spectrum Wealth Advisory Group LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $27,648,000. Finally, Tull Financial Group Inc. bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $24,025,000.

JPMorgan US Quality Factor ETF Trading Down 0.6 %

Shares of JQUA stock opened at $59.57 on Friday. The stock has a 50 day moving average of $58.67 and a two-hundred day moving average of $56.69. JPMorgan US Quality Factor ETF has a 12 month low of $49.08 and a 12 month high of $60.33. The company has a market capitalization of $4.82 billion, a P/E ratio of 25.27 and a beta of 0.94.

JPMorgan US 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.