Foundations Investment Advisors LLC Purchases New Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Foundations Investment Advisors LLC acquired a new position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 3rd quarter, HoldingsChannel reports. The fund acquired 13,504 shares of the company’s stock, valued at approximately $764,000.

A number of other hedge funds have also recently modified their holdings of JQUA. Hennion & Walsh Asset Management Inc. lifted its stake in shares of JPMorgan US Quality Factor ETF by 1.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 835,491 shares of the company’s stock worth $44,172,000 after acquiring an additional 9,752 shares during the last quarter. Founders Financial Securities LLC boosted its stake in shares of JPMorgan US Quality Factor ETF by 34.9% during the first quarter. Founders Financial Securities LLC now owns 24,876 shares of the company’s stock valued at $1,315,000 after purchasing an additional 6,434 shares during the period. Breakwater Capital Group increased its stake in JPMorgan US Quality Factor ETF by 8.5% in the 1st quarter. Breakwater Capital Group now owns 245,925 shares of the company’s stock worth $13,002,000 after buying an additional 19,341 shares during the period. Cobblestone Asset Management LLC increased its stake in JPMorgan US Quality Factor ETF by 1.7% in the 1st quarter. Cobblestone Asset Management LLC now owns 168,869 shares of the company’s stock worth $8,928,000 after buying an additional 2,838 shares during the period. Finally, CAP Partners LLC purchased a new stake in JPMorgan US Quality Factor ETF in the 1st quarter valued at about $1,247,000.

JPMorgan US Quality Factor ETF Price Performance

Shares of JQUA stock opened at $56.62 on Friday. The company has a market capitalization of $4.58 billion, a P/E ratio of 25.27 and a beta of 0.94. The company’s 50-day simple moving average is $55.92 and its two-hundred day simple moving average is $53.56. JPMorgan US Quality Factor ETF has a one year low of $41.37 and a one year high of $57.90.

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.