Hershey Financial Advisers LLC has acquired a new stake in the JPMorgan U.S. Quality Factor ETF (NYSEARCA: JQUA), investing approximately $1.07 million during the second quarter of the fiscal year. The firm purchased 17,755 shares of the ETF’s stock, highlighting a growing interest among institutional investors in this particular fund.
Recent reports from HoldingsChannel indicate that other hedge funds have also adjusted their positions in JQUA. Notably, Savant Capital LLC increased its stake in the ETF by 14.7% during the same quarter, now holding 8,382,025 shares valued at around $503.34 million. Similarly, Intellus Advisors LLC significantly ramped up its investment by 181.2%, acquiring an additional 337,229 shares, bringing its total holdings to 523,325 shares worth approximately $31.43 million.
Northwestern Mutual Wealth Management Co. also raised its stake by 22.9% in the first quarter, now owning 1,635,935 shares valued at about $92.38 million. Additionally, JPMorgan Chase & Co. boosted its holdings by 29.6% during the second quarter, resulting in a total of 1,325,435 shares worth around $79.59 million. Raymond James Financial Inc. similarly increased its position by 23.1%, accumulating 1,448,388 shares valued at approximately $86.98 million.
Market Performance of JPMorgan U.S. Quality Factor ETF
As of the latest trading session, JPMorgan U.S. Quality Factor ETF opened at $63.74, showing a slight decline of 0.9% from previous values. The ETF boasts a market capitalization of $7.58 billion and reports a price-to-earnings ratio of 23.86, with a beta of 0.93. Over the past year, the stock has experienced a low of $49.25 and a peak of $64.35. Its 50-day moving average stands at $62.59, while the 200-day moving average is at $61.48.
The JPMorgan U.S. Quality Factor ETF, launched on November 8, 2017, tracks the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 based on three key quality factors: profitability, earnings, and solvency, making it an attractive option for those looking to invest in high-quality U.S. equities.
For those interested in further insights into hedge fund activities surrounding JQUA, HoldingsChannel provides updated reports on 13F filings and insider trades related to the ETF.
