Truist Financial Corp Sells 5,553 Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Truist Financial Corp lessened its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,791 shares of the company’s stock after selling 5,553 shares during the period. Truist Financial Corp owned approximately 0.20% of JPMorgan US Quality Factor ETF worth $8,620,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JQUA. Koesten Hirschmann & Crabtree INC. boosted its holdings in JPMorgan US Quality Factor ETF by 145.5% in the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in JPMorgan US Quality Factor ETF in the 2nd quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in JPMorgan US Quality Factor ETF during the second quarter valued at approximately $36,000. EverSource Wealth Advisors LLC bought a new position in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at $44,000. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in JPMorgan US Quality Factor ETF during the first quarter worth about $86,000.

JPMorgan US Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $56.66 on Friday. The firm has a 50 day simple moving average of $54.76 and a 200 day simple moving average of $53.12. JPMorgan US Quality Factor ETF has a one year low of $41.37 and a one year high of $56.72. The company has a market cap of $4.59 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.