JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC cut its holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,741 shares of the company’s stock after selling 1,193 shares during the quarter. JPMorgan US Quality Factor ETF makes up about 1.8% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Gallacher Capital Management LLC’s holdings in JPMorgan US Quality Factor ETF were worth $3,146,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in JQUA. Avidian Wealth Solutions LLC grew its position in shares of JPMorgan US Quality Factor ETF by 48.9% in the fourth quarter. Avidian Wealth Solutions LLC now owns 574,685 shares of the company’s stock valued at $27,504,000 after purchasing an additional 188,667 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in JPMorgan US Quality Factor ETF by 9.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 309,115 shares of the company’s stock worth $14,794,000 after buying an additional 27,333 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of JPMorgan US Quality Factor ETF by 113.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 56,872 shares of the company’s stock worth $2,722,000 after acquiring an additional 30,230 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of JPMorgan US Quality Factor ETF by 36.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 59,531 shares of the company’s stock valued at $2,849,000 after acquiring an additional 15,794 shares in the last quarter. Finally, SouthState Corp purchased a new stake in shares of JPMorgan US Quality Factor ETF in the fourth quarter valued at $41,000.

JPMorgan US Quality Factor ETF Stock Performance

JPMorgan US Quality Factor ETF stock traded up $0.50 during midday trading on Friday, reaching $50.74. 453,358 shares of the company were exchanged, compared to its average volume of 669,166. The firm’s 50-day simple moving average is $51.61 and its 200-day simple moving average is $48.66. JPMorgan US Quality Factor ETF has a 1 year low of $40.72 and a 1 year high of $53.03. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 24.42 and a beta of 0.94.

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.