Abound Wealth Management Invests $55,000 in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Abound Wealth Management bought a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 964 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of JPMorgan US Quality Factor ETF by 22.9% during the 3rd quarter. FMR LLC now owns 16,613 shares of the company’s stock worth $940,000 after acquiring an additional 3,092 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in JPMorgan US Quality Factor ETF by 1.1% during the third quarter. Onyx Bridge Wealth Group LLC now owns 109,361 shares of the company’s stock worth $6,187,000 after purchasing an additional 1,210 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the third quarter valued at $2,278,000. Breakwater Capital Group increased its holdings in shares of JPMorgan US Quality Factor ETF by 7.3% in the third quarter. Breakwater Capital Group now owns 292,193 shares of the company’s stock valued at $16,529,000 after purchasing an additional 19,901 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of JPMorgan US Quality Factor ETF by 7.5% in the third quarter. Blue Trust Inc. now owns 44,765 shares of the company’s stock valued at $2,370,000 after purchasing an additional 3,141 shares during the period.

JPMorgan US Quality Factor ETF Stock Performance

Shares of JQUA stock traded up $0.06 during midday trading on Monday, hitting $56.73. 454,291 shares of the company were exchanged, compared to its average volume of 493,411. The firm has a market capitalization of $4.59 billion, a P/E ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a 52 week low of $47.72 and a 52 week high of $60.33. The firm’s 50 day moving average price is $58.46 and its two-hundred day moving average price is $56.16.

About JPMorgan US 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.