Waterway Wealth Management LLC Increases Position in JPMorgan U.S. Quality Factor ETF $JQUA

Waterway Wealth Management LLC lifted its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 53.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 317,431 shares of the company’s stock after buying an additional 110,159 shares during the period. JPMorgan U.S. Quality Factor ETF makes up approximately 3.6% of Waterway Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Waterway Wealth Management LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $19,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cresset Asset Management LLC grew its position in JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in JPMorgan U.S. Quality Factor ETF by 16.2% in the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock valued at $233,000 after purchasing an additional 541 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter valued at approximately $1,062,000. Betterment LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 49.2% during the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 23.1% during the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JPMorgan U.S. Quality Factor ETF stock opened at $71.00 on Friday. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.18 and a 52-week high of $72.31. The company’s 50 day moving average price is $68.87 and its 200-day moving average price is $65.35. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

JPMorgan U.S. 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.