Arrowroot Family Office LLC Makes New Investment in JPMorgan U.S. Quality Factor ETF $JQUA

Arrowroot Family Office LLC bought a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 81,602 shares of the company’s stock, valued at approximately $4,900,000. JPMorgan U.S. Quality Factor ETF comprises about 2.2% of Arrowroot Family Office LLC’s investment portfolio, making the stock its 11th largest holding. Arrowroot Family Office LLC owned about 0.07% of JPMorgan U.S. Quality Factor ETF at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JQUA. LPL Financial LLC increased its position in JPMorgan U.S. Quality Factor ETF by 17.8% in the 1st quarter. LPL Financial LLC now owns 4,388,159 shares of the company’s stock worth $247,799,000 after purchasing an additional 661,733 shares during the last quarter. Facet Wealth Inc. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 227.7% during the 1st quarter. Facet Wealth Inc. now owns 938,130 shares of the company’s stock worth $53,417,000 after acquiring an additional 651,818 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 22.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after acquiring an additional 305,026 shares in the last quarter. Walled Lake Planning & Wealth Management LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 2,766.6% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 280,298 shares of the company’s stock worth $15,828,000 after acquiring an additional 270,520 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 3,760.3% during the 1st quarter. Allworth Financial LP now owns 236,752 shares of the company’s stock worth $13,073,000 after acquiring an additional 230,619 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $61.90 on Wednesday. The company has a market cap of $7.35 billion, a PE ratio of 23.86 and a beta of 0.93. The stock has a 50-day moving average of $62.55 and a 200-day moving average of $60.43. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $63.74.

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.