MML Investors Services LLC Trims Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

MML Investors Services LLC cut its stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 10.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 241,265 shares of the company’s stock after selling 27,277 shares during the quarter. MML Investors Services LLC’s holdings in JPMorgan US Quality Factor ETF were worth $13,648,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC bought a new position in JPMorgan US Quality Factor ETF during the 2nd quarter worth $34,000. International Assets Investment Management LLC acquired a new position in JPMorgan US Quality Factor ETF in the 2nd quarter worth approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in shares of JPMorgan US Quality Factor ETF in the second quarter worth $44,000. Fortitude Family Office LLC bought a new position in shares of JPMorgan US Quality Factor ETF during the 3rd quarter valued at $68,000. Finally, EP Wealth Advisors LLC acquired a new position in JPMorgan US Quality Factor ETF in the 2nd quarter valued at $109,000.

JPMorgan US Quality Factor ETF Stock Down 0.7 %

Shares of JQUA opened at $59.31 on Wednesday. JPMorgan US Quality Factor ETF has a 12-month low of $46.25 and a 12-month high of $60.33. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The stock’s 50-day moving average price is $57.91 and its 200 day moving average price is $55.25.

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.