MN Wealth Advisors LLC Cuts Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

MN Wealth Advisors LLC decreased its holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 22.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,576 shares of the company’s stock after selling 1,623 shares during the quarter. MN Wealth Advisors LLC’s holdings in JPMorgan US Quality Factor ETF were worth $319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JQUA. CENTRAL TRUST Co purchased a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at approximately $47,000. Abound Wealth Management purchased a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at approximately $55,000. Fortitude Family Office LLC purchased a new position in JPMorgan US Quality Factor ETF in the third quarter valued at approximately $68,000. New Republic Capital LLC purchased a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at approximately $107,000. Finally, Heck Capital Advisors LLC purchased a new position in JPMorgan US Quality Factor ETF in the fourth quarter valued at approximately $172,000.

JPMorgan US Quality Factor ETF Stock Down 0.4 %

JQUA opened at $60.41 on Friday. The firm has a market capitalization of $4.89 billion, a P/E ratio of 25.27 and a beta of 0.94. The firm’s 50 day moving average is $58.72 and its 200-day moving average is $57.16. JPMorgan US Quality Factor ETF has a 52-week low of $49.60 and a 52-week high of $60.63.

JPMorgan US 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.