Spectrum Wealth Advisory Group LLC Purchases New Holdings in JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)

Spectrum Wealth Advisory Group LLC purchased a new stake in shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 488,732 shares of the company’s stock, valued at approximately $27,648,000. JPMorgan US Quality Factor ETF accounts for approximately 15.5% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its largest position. Spectrum Wealth Advisory Group LLC owned 0.60% of JPMorgan US Quality Factor ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kathmere Capital Management LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock worth $3,168,000 after buying an additional 211 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of JPMorgan US Quality Factor ETF by 5.6% in the third quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock worth $273,000 after buying an additional 258 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 2.7% in the second quarter. Aveo Capital Partners LLC now owns 10,549 shares of the company’s stock worth $559,000 after buying an additional 273 shares in the last quarter. Koesten Hirschmann & Crabtree INC. lifted its holdings in shares of JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 5.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock worth $361,000 after buying an additional 342 shares in the last quarter.

JPMorgan US Quality Factor ETF Stock Performance

Shares of JQUA opened at $57.56 on Monday. The company’s fifty day moving average is $56.71 and its 200 day moving average is $54.35. JPMorgan US Quality Factor ETF has a fifty-two week low of $44.89 and a fifty-two week high of $59.07. The stock has a market capitalization of $4.66 billion, a PE 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.