Bank of New York Mellon Corp Trims Stake in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Bank of New York Mellon Corp decreased its holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 56.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,078 shares of the company’s stock after selling 464,765 shares during the period. Bank of New York Mellon Corp owned about 0.45% of JPMorgan US Quality Factor ETF worth $20,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in JPMorgan US Quality Factor ETF in the 4th quarter valued at $29,000. CENTRAL TRUST Co purchased a new position in JPMorgan US Quality Factor ETF in the 4th quarter valued at about $47,000. Abound Wealth Management purchased a new stake in JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $55,000. Fortitude Family Office LLC boosted its stake in JPMorgan US Quality Factor ETF by 45.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,750 shares of the company’s stock worth $100,000 after buying an additional 550 shares during the last quarter. Finally, New Republic Capital LLC purchased a new position in JPMorgan US Quality Factor ETF during the fourth quarter worth approximately $107,000.

JPMorgan US Quality Factor ETF Price Performance

JPMorgan US Quality Factor ETF stock opened at $57.05 on Tuesday. JPMorgan US Quality Factor ETF has a 12 month low of $49.60 and a 12 month high of $60.79. The stock’s 50-day moving average is $58.91 and its 200-day moving average is $57.82. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 24.52 and a beta of 0.95.

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.