MBE Wealth Management LLC Reduces Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

MBE Wealth Management LLC lowered its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,209 shares of the company’s stock after selling 1,964 shares during the quarter. JPMorgan US Quality Factor ETF makes up approximately 0.5% of MBE Wealth Management LLC’s portfolio, making the stock its 29th biggest position. MBE Wealth Management LLC’s holdings in JPMorgan US Quality Factor ETF were worth $974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Annex Advisory Services LLC boosted its stake in shares of JPMorgan US Quality Factor ETF by 148.8% during the 1st quarter. Annex Advisory Services LLC now owns 4,205,639 shares of the company’s stock worth $222,352,000 after purchasing an additional 2,515,457 shares during the last quarter. Savant Capital LLC increased its position in shares of JPMorgan US Quality Factor ETF by 26.2% in the 2nd quarter. Savant Capital LLC now owns 2,848,449 shares of the company’s stock worth $150,825,000 after purchasing an additional 590,900 shares during the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan US Quality Factor ETF by 16.9% during the second quarter. LPL Financial LLC now owns 3,028,907 shares of the company’s stock valued at $160,381,000 after purchasing an additional 437,404 shares during the last quarter. West Wealth Group LLC bought a new stake in JPMorgan US Quality Factor ETF in the first quarter valued at $14,381,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in JPMorgan US Quality Factor ETF by 63.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 691,322 shares of the company’s stock valued at $36,606,000 after purchasing an additional 269,577 shares during the period.

JPMorgan US Quality Factor ETF Trading Down 0.6 %

NYSEARCA:JQUA traded down $0.37 during midday trading on Monday, hitting $57.21. 104,221 shares of the stock were exchanged, compared to its average volume of 524,995. The business has a 50-day moving average price of $55.65 and a two-hundred day moving average price of $53.44. JPMorgan US Quality Factor ETF has a one year low of $41.37 and a one year high of $57.90. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94.

JPMorgan US Quality Factor ETF Company 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.