Avidian Wealth Enterprises LLC Raises Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

Avidian Wealth Enterprises LLC grew its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 5.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 701,245 shares of the company’s stock after buying an additional 33,913 shares during the period. JPMorgan U.S. Quality Factor ETF makes up 1.7% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 14th largest holding. Avidian Wealth Enterprises LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $42,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Continuum Advisory LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 775.0% during the 1st quarter. Continuum Advisory LLC now owns 455 shares of the company’s stock worth $26,000 after purchasing an additional 403 shares during the period. Harbour Investments Inc. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 26.5% during the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares during the period. Larson Financial Group LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1,183.8% during the 1st quarter. Larson Financial Group LLC now owns 2,375 shares of the company’s stock worth $134,000 after purchasing an additional 2,190 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth about $136,000. Finally, Iams Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth about $203,000.

JPMorgan U.S. Quality Factor ETF Trading Up 0.8%

JQUA stock opened at $62.81 on Tuesday. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $63.43. The company has a 50-day moving average price of $62.23 and a 200 day moving average price of $59.62. The stock has a market cap of $7.43 billion, a PE ratio of 23.86 and a beta of 0.92.

About JPMorgan U.S. 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.