LPL Financial LLC Reduces Stock Position in JPMorgan U.S. Quality Factor ETF $JQUA

LPL Financial LLC lowered its holdings in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,681,419 shares of the company’s stock after selling 517,012 shares during the quarter. LPL Financial LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $295,772,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JQUA. Cresset Asset Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after buying an additional 745 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 16.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after buying an additional 541 shares during the period. Main Street Financial Solutions LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth $1,062,000. Betterment LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after buying an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after buying an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Trading Up 0.4%

Shares of JQUA stock opened at $70.18 on Tuesday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $58.31 and a twelve month high of $72.18. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The stock has a fifty day simple moving average of $66.62 and a two-hundred day simple moving average of $64.58.

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.