Hennion & Walsh Asset Management Inc. Has $24.81 Million Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Hennion & Walsh Asset Management Inc. reduced its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 48.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,153 shares of the company’s stock after selling 410,438 shares during the quarter. JPMorgan US Quality Factor ETF makes up about 1.1% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 9th biggest holding. Hennion & Walsh Asset Management Inc. owned about 0.54% of JPMorgan US Quality Factor ETF worth $24,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in JPMorgan US Quality Factor ETF during the second quarter valued at $34,000. EverSource Wealth Advisors LLC bought a new stake in JPMorgan US Quality Factor ETF during the second quarter worth about $44,000. Abound Wealth Management purchased a new stake in JPMorgan US Quality Factor ETF in the fourth quarter worth about $55,000. Fortitude Family Office LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the third quarter valued at approximately $68,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of JPMorgan US Quality Factor ETF during the second quarter valued at approximately $109,000.

JPMorgan US Quality Factor ETF Stock Up 1.2 %

JPMorgan US Quality Factor ETF stock opened at $57.86 on Thursday. The stock’s 50 day moving average is $58.48 and its 200 day moving average is $56.23. The company has a market capitalization of $4.68 billion, a P/E ratio of 25.27 and a beta of 0.94. JPMorgan US Quality Factor ETF has a twelve month low of $47.72 and a twelve month high of $60.33.

JPMorgan US Quality Factor ETF 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.