Kayne Anderson Rudnick Investment Management LLC Buys Shares of 636 JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 636 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. grew its holdings in JPMorgan US Quality Factor ETF by 204.4% in the 4th quarter. D.A. Davidson & CO. now owns 15,220 shares of the company’s stock worth $728,000 after buying an additional 10,220 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of JPMorgan US Quality Factor ETF in the fourth quarter worth $250,000. Stifel Financial Corp increased its holdings in shares of JPMorgan US Quality Factor ETF by 1,527.1% during the fourth quarter. Stifel Financial Corp now owns 300,386 shares of the company’s stock valued at $14,376,000 after purchasing an additional 281,925 shares during the period. Focus Financial Network Inc. ADV bought a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter valued at about $2,006,000. Finally, TD Capital Management LLC lifted its holdings in JPMorgan US Quality Factor ETF by 31.2% in the fourth quarter. TD Capital Management LLC now owns 12,421 shares of the company’s stock worth $594,000 after purchasing an additional 2,955 shares during the period.

JPMorgan US Quality Factor ETF Trading Up 0.1 %

JQUA stock opened at $56.28 on Wednesday. The firm’s 50-day moving average is $54.30 and its two-hundred day moving average is $52.89. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 52 week low of $41.37 and a 52 week high of $56.50.

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.