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

Bank of New York Mellon Corp raised its position in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) by 8.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 447,425 shares of the company’s stock after purchasing an additional 36,132 shares during the quarter. Bank of New York Mellon Corp owned 0.55% of JPMorgan US Quality Factor ETF worth $23,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JQUA. Annex Advisory Services LLC increased its stake in JPMorgan US Quality Factor ETF by 148.8% during the 1st quarter. Annex Advisory Services LLC now owns 4,205,639 shares of the company’s stock valued at $222,352,000 after purchasing an additional 2,515,457 shares in the last quarter. Scarborough Advisors LLC grew its stake in shares of JPMorgan US Quality Factor ETF by 1,116.4% in the fourth quarter. Scarborough Advisors LLC now owns 2,226,572 shares of the company’s stock worth $106,564,000 after acquiring an additional 2,043,520 shares during the period. Midland Wealth Advisors LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the fourth quarter worth approximately $96,084,000. Saratoga Research & Investment Management grew its stake in shares of JPMorgan US Quality Factor ETF by 14,600.8% in the fourth quarter. Saratoga Research & Investment Management now owns 757,534 shares of the company’s stock worth $36,256,000 after acquiring an additional 752,381 shares during the period. Finally, Mason & Associates Inc bought a new stake in shares of JPMorgan US Quality Factor ETF in the first quarter worth approximately $33,930,000.

JPMorgan US Quality Factor ETF Stock Down 0.1 %

Shares of JQUA stock opened at $54.75 on Thursday. The company has a 50 day moving average price of $53.76 and a 200-day moving average price of $52.51. JPMorgan US Quality Factor ETF has a 52 week low of $41.37 and a 52 week high of $55.81. The firm has a market capitalization of $4.43 billion, a PE ratio of 25.27 and a beta of 0.94.

About JPMorgan US Quality Factor ETF

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.