Wealth Enhancement Advisory Services LLC Invests $36.68 Million in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Wealth Enhancement Advisory Services LLC acquired a new position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 648,329 shares of the company’s stock, valued at approximately $36,676,000. Wealth Enhancement Advisory Services LLC owned approximately 0.80% of JPMorgan US Quality Factor ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JQUA. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter worth about $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter worth about $44,000. Fortitude Family Office LLC purchased a new position in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth about $68,000. EP Wealth Advisors LLC purchased a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter worth about $109,000. Finally, Hollencrest Capital Management bought a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at about $185,000.

JPMorgan US Quality Factor ETF Trading Down 1.4 %

NYSEARCA JQUA opened at $56.67 on Friday. JPMorgan US Quality Factor ETF has a 1-year low of $47.65 and a 1-year high of $60.33. The stock has a 50-day moving average of $58.45 and a 200-day moving average of $56.09. The firm has a market cap of $4.59 billion, a PE 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.