REDW Wealth LLC Decreases Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

REDW Wealth LLC lowered its position in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 339,797 shares of the company’s stock after selling 24,766 shares during the quarter. JPMorgan U.S. Quality Factor ETF makes up about 8.2% of REDW Wealth LLC’s investment portfolio, making the stock its 2nd largest position. REDW Wealth LLC owned approximately 0.29% of JPMorgan U.S. Quality Factor ETF worth $21,468,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after acquiring an additional 326 shares during the last quarter. MCF Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000. Wealth Watch Advisors INC acquired a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 1,782.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after purchasing an additional 998 shares during the period. Finally, Longview Financial Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $66,000.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $65.77 on Friday. JPMorgan U.S. Quality Factor ETF has a one year low of $54.23 and a one year high of $66.10. The company has a 50 day moving average of $63.25 and a 200-day moving average of $63.23. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

JPMorgan U.S. 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.