Elm3 Financial Group LLC Buys New Position in JPMorgan U.S. Quality Factor ETF $JQUA

Elm3 Financial Group LLC purchased a new position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 12,101 shares of the company’s stock, valued at approximately $893,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JQUA. Focus Partners Wealth lifted its stake in JPMorgan U.S. Quality Factor ETF by 4,153.5% in the fourth quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after acquiring an additional 1,336,332 shares during the period. Quadcap Wealth Management LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 2.9% in the first quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock worth $76,351,000 after purchasing an additional 34,752 shares during the last quarter. RVW Wealth LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter worth $74,549,000. Cetera Investment Advisers increased its position in shares of JPMorgan U.S. Quality Factor ETF by 41.7% during the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock worth $63,311,000 after purchasing an additional 303,867 shares in the last quarter. Finally, LVZ Inc. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 1.6% in the first quarter. LVZ Inc. now owns 1,017,280 shares of the company’s stock worth $62,380,000 after acquiring an additional 15,791 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

JQUA traded down $0.30 on Wednesday, reaching $75.16. 644,801 shares of the stock were exchanged, compared to its average volume of 709,930. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.70 and a fifty-two week high of $75.69. The firm has a market capitalization of $9.15 billion, a PE ratio of 23.86 and a beta of 0.90. The company’s 50-day moving average price is $74.19 and its 200 day moving average price is $70.32.

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.