Bank of New York Mellon Corp Decreases Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Bank of New York Mellon Corp lessened its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 56.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 361,078 shares of the company’s stock after selling 464,765 shares during the quarter. Bank of New York Mellon Corp’s holdings in JPMorgan US Quality Factor ETF were worth $20,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Atria Investments Inc grew its position in JPMorgan US Quality Factor ETF by 37.0% in the 3rd quarter. Atria Investments Inc now owns 30,255 shares of the company’s stock valued at $1,712,000 after buying an additional 8,165 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of JPMorgan US Quality Factor ETF by 13.7% during the third quarter. Sigma Planning Corp now owns 67,064 shares of the company’s stock worth $3,794,000 after purchasing an additional 8,078 shares during the period. Weil Company Inc. boosted its position in JPMorgan US Quality Factor ETF by 32.3% during the third quarter. Weil Company Inc. now owns 50,961 shares of the company’s stock valued at $2,883,000 after purchasing an additional 12,431 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in JPMorgan US Quality Factor ETF by 3.6% in the third quarter. Nations Financial Group Inc. IA ADV now owns 18,681 shares of the company’s stock worth $1,057,000 after acquiring an additional 645 shares in the last quarter. Finally, FDx Advisors Inc. increased its holdings in shares of JPMorgan US Quality Factor ETF by 12.2% during the 3rd quarter. FDx Advisors Inc. now owns 110,079 shares of the company’s stock valued at $6,227,000 after acquiring an additional 11,951 shares during the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

Shares of NYSEARCA:JQUA opened at $57.05 on Tuesday. JPMorgan US Quality Factor ETF has a 52-week low of $49.60 and a 52-week high of $60.79. The company has a market cap of $5.55 billion, a P/E ratio of 24.52 and a beta of 0.95. The stock’s 50-day moving average is $58.91 and its 200-day moving average is $57.82.

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.