Sage Mountain Advisors LLC Has $181.78 Million Holdings in JPMorgan U.S. Quality Factor ETF $JQUA

Sage Mountain Advisors LLC boosted its stake in shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,889,443 shares of the company’s stock after acquiring an additional 177,728 shares during the period. JPMorgan U.S. Quality Factor ETF accounts for about 10.4% of Sage Mountain Advisors LLC’s portfolio, making the stock its 2nd biggest position. Sage Mountain Advisors LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $181,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in JPMorgan U.S. Quality Factor ETF during the second quarter worth about $25,000. Harbour Investments Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 26.5% during the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after acquiring an additional 190 shares during the period. Parkworth Wealth Management Inc. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth approximately $55,000. Asset Dedication LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 840.0% in the second quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after acquiring an additional 840 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. increased its stake in JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after acquiring an additional 326 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

NYSEARCA JQUA opened at $63.56 on Tuesday. The business has a fifty day moving average price of $63.25 and a two-hundred day moving average price of $62.32. The stock has a market capitalization of $7.62 billion, a PE ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $64.82.

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.