108,503 Shares in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Bought by Riggs Capital Management LLC

Riggs Capital Management LLC purchased a new stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,503 shares of the company’s stock, valued at approximately $6,214,000. JPMorgan US Quality Factor ETF comprises approximately 6.1% of Riggs Capital Management LLC’s investment portfolio, making the stock its biggest position. Riggs Capital Management LLC owned 0.13% of JPMorgan US Quality Factor ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JQUA. Saratoga Research & Investment Management purchased a new stake in shares of JPMorgan US Quality Factor ETF in the fourth quarter worth about $7,512,000. Delos Wealth Advisors LLC lifted its holdings in JPMorgan US Quality Factor ETF by 7.9% in the fourth quarter. Delos Wealth Advisors LLC now owns 70,513 shares of the company’s stock valued at $4,038,000 after acquiring an additional 5,144 shares during the period. Walled Lake Planning & Wealth Management LLC purchased a new stake in JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $560,000. L & S Advisors Inc grew its stake in shares of JPMorgan US Quality Factor ETF by 1.1% during the 4th quarter. L & S Advisors Inc now owns 40,501 shares of the company’s stock worth $2,320,000 after purchasing an additional 424 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of JPMorgan US Quality Factor ETF by 23.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 34,475 shares of the company’s stock valued at $1,974,000 after purchasing an additional 6,459 shares in the last quarter.

JPMorgan US Quality Factor ETF Price Performance

JQUA opened at $56.10 on Monday. The stock has a market cap of $5.44 billion, a P/E ratio of 24.30 and a beta of 0.95. The firm has a fifty day moving average price of $58.69 and a 200 day moving average price of $58.01. JPMorgan US Quality Factor ETF has a 1 year low of $49.61 and a 1 year high of $60.79.

JPMorgan US Quality Factor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.1591 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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.