IFP Advisors Inc Decreases Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

IFP Advisors Inc lowered its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,723 shares of the company’s stock after selling 1,245 shares during the period. IFP Advisors Inc owned 0.05% of JPMorgan US Quality Factor ETF worth $2,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JQUA. FPC Investment Advisory Inc. purchased a new position in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $29,000. CENTRAL TRUST Co purchased a new position in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $47,000. Abound Wealth Management purchased a new position in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $55,000. Fortitude Family Office LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the 3rd quarter worth $68,000. Finally, New Republic Capital LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth $107,000.

JPMorgan US Quality Factor ETF Stock Down 0.1 %

NYSEARCA JQUA opened at $59.38 on Wednesday. JPMorgan US Quality Factor ETF has a 52 week low of $49.60 and a 52 week high of $60.79. The business’s fifty day simple moving average is $58.81 and its 200-day simple moving average is $57.57. The firm has a market cap of $5.91 billion, a PE ratio of 25.89 and a beta of 0.95.

About JPMorgan US 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.