Gallacher Capital Management LLC bought a new stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,761 shares of the company’s stock, valued at approximately $1,606,000. JPMorgan U.S. Quality Factor ETF accounts for about 1.3% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.
Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the third quarter worth approximately $29,000. Pinnacle Bancorp Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $40,000. Root Financial Partners LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $60,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $67,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $77,000.
JPMorgan U.S. Quality Factor ETF Trading Down 0.0%
Shares of JQUA opened at $75.34 on Wednesday. The firm has a market cap of $9.53 billion, a PE ratio of 23.53 and a beta of 0.90. The company’s 50 day simple moving average is $74.85 and its 200-day simple moving average is $69.47. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $76.68.
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.
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