JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 58.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,816 shares of the company’s stock after selling 301,121 shares during the period. Janney Montgomery Scott LLC’s holdings in JPMorgan US Quality Factor ETF were worth $12,322,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC boosted its position in shares of JPMorgan US Quality Factor ETF by 26.2% in the second quarter. Savant Capital LLC now owns 2,848,449 shares of the company’s stock worth $150,825,000 after buying an additional 590,900 shares during the period. LPL Financial LLC lifted its position in JPMorgan US Quality Factor ETF by 16.9% during the 2nd quarter. LPL Financial LLC now owns 3,028,907 shares of the company’s stock worth $160,381,000 after acquiring an additional 437,404 shares in the last quarter. Tull Financial Group Inc. purchased a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $24,025,000. Goldstone Financial Group LLC acquired a new stake in JPMorgan US Quality Factor ETF in the third quarter valued at approximately $23,250,000. Finally, West Wealth Group LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF during the first quarter valued at approximately $14,381,000.

JPMorgan US Quality Factor ETF Trading Up 2.0 %

Shares of JQUA stock opened at $57.96 on Thursday. The firm has a fifty day simple moving average of $56.22 and a 200-day simple moving average of $53.93. The company has a market capitalization of $4.69 billion, a PE ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a twelve month low of $43.58 and a twelve month high of $58.09.

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.