Bank of New York Mellon Corp Reduces Position in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)

Bank of New York Mellon Corp trimmed its stake in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 338,887 shares of the company’s stock after selling 22,191 shares during the quarter. Bank of New York Mellon Corp’s holdings in JPMorgan U.S. Quality Factor ETF were worth $19,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LVZ Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 1st quarter worth approximately $36,901,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth $36,237,000. Keystone Financial Group purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at $17,135,000. Cambridge Investment Research Advisors Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 47.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 643,882 shares of the company’s stock valued at $36,360,000 after purchasing an additional 207,307 shares during the period. Finally, LPL Financial LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 3,726,426 shares of the company’s stock valued at $213,412,000 after purchasing an additional 187,110 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Down 0.0%

NYSEARCA JQUA opened at $60.20 on Friday. The business’s 50-day moving average price is $59.40 and its 200 day moving average price is $57.93. JPMorgan U.S. Quality Factor ETF has a twelve month low of $49.25 and a twelve month high of $60.86. The company has a market capitalization of $6.47 billion, a PE ratio of 23.86 and a beta of 0.92.

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.