First Horizon Advisors Inc. Lowers Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

First Horizon Advisors Inc. cut its position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,708 shares of the company’s stock after selling 35,928 shares during the period. First Horizon Advisors Inc. owned about 0.29% of JPMorgan US Quality Factor ETF worth $13,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of JQUA. Alpha Financial Partners LLC bought a new stake in JPMorgan US Quality Factor ETF during the 3rd quarter valued at approximately $515,000. Raymond James & Associates grew its holdings in JPMorgan US Quality Factor ETF by 19.6% during the 3rd quarter. Raymond James & Associates now owns 296,140 shares of the company’s stock valued at $16,753,000 after buying an additional 48,458 shares in the last quarter. Allworth Financial LP raised its position in shares of JPMorgan US Quality Factor ETF by 5.6% during the third quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock valued at $273,000 after buying an additional 258 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of JPMorgan US Quality Factor ETF during the third quarter valued at approximately $857,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of JPMorgan US Quality Factor ETF by 2.1% in the third quarter. J.W. Cole Advisors Inc. now owns 93,057 shares of the company’s stock worth $5,264,000 after buying an additional 1,908 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

JQUA opened at $59.47 on Friday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 25.89 and a beta of 0.95. The company has a fifty day moving average of $58.81 and a 200 day moving average of $57.43. JPMorgan US Quality Factor ETF has a fifty-two week low of $49.60 and a fifty-two week high of $60.79.

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.