Raymond James & Associates Has $16.75 Million Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Raymond James & Associates grew its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 19.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 296,140 shares of the company’s stock after buying an additional 48,458 shares during the quarter. Raymond James & Associates’ holdings in JPMorgan US Quality Factor ETF were worth $16,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kathmere Capital Management LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock worth $3,168,000 after buying an additional 211 shares during the last quarter. Aveo Capital Partners LLC increased its stake in shares of JPMorgan US Quality Factor ETF by 2.7% in the second quarter. Aveo Capital Partners LLC now owns 10,549 shares of the company’s stock worth $559,000 after purchasing an additional 273 shares during the period. Koesten Hirschmann & Crabtree INC. increased its stake in shares of JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the period. Patten Group Inc. increased its stake in shares of JPMorgan US Quality Factor ETF by 4.2% in the third quarter. Patten Group Inc. now owns 9,014 shares of the company’s stock worth $510,000 after purchasing an additional 366 shares during the period. Finally, Gallacher Capital Management LLC increased its stake in shares of JPMorgan US Quality Factor ETF by 0.6% in the first quarter. Gallacher Capital Management LLC now owns 66,129 shares of the company’s stock worth $3,496,000 after purchasing an additional 388 shares during the period.

JPMorgan US Quality Factor ETF Stock Performance

JPMorgan US Quality Factor ETF stock opened at $56.52 on Friday. The business’s 50-day simple moving average is $55.97 and its 200-day simple moving average is $53.60. The firm has a market capitalization of $4.58 billion, a PE 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 $57.90.

JPMorgan US Quality Factor ETF Company 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.