Cornerstone Wealth Management LLC Boosts Stock Position in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Cornerstone Wealth Management LLC lifted its stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,449 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. Cornerstone Wealth Management LLC owned 0.12% of JPMorgan US Quality Factor ETF worth $4,888,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lake Street Private Wealth LLC increased its stake in JPMorgan US Quality Factor ETF by 11.3% in the 1st quarter. Lake Street Private Wealth LLC now owns 16,312 shares of the company’s stock worth $862,000 after acquiring an additional 1,656 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of JPMorgan US Quality Factor ETF by 25.0% in the 1st quarter. Valley National Advisers Inc. now owns 46,224 shares of the company’s stock worth $2,443,000 after buying an additional 9,235 shares during the last quarter. CAP Partners LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 1st quarter valued at $1,247,000. Cobblestone Asset Management LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 1.7% during the 1st quarter. Cobblestone Asset Management LLC now owns 168,869 shares of the company’s stock worth $8,928,000 after acquiring an additional 2,838 shares during the last quarter. Finally, Breakwater Capital Group grew its position in JPMorgan US Quality Factor ETF by 8.5% in the first quarter. Breakwater Capital Group now owns 245,925 shares of the company’s stock worth $13,002,000 after acquiring an additional 19,341 shares in the last quarter.

JPMorgan US Quality Factor ETF Price Performance

NYSEARCA JQUA traded up $0.06 during trading hours on Thursday, reaching $53.07. 240,807 shares of the stock traded hands, compared to its average volume of 594,664. The stock has a 50 day simple moving average of $52.06 and a two-hundred day simple moving average of $50.93. JPMorgan US Quality Factor ETF has a 1 year low of $41.37 and a 1 year high of $53.56. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 25.27 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.