Hershey Financial Advisers LLC has made a significant investment in the JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA), acquiring a new stake valued at approximately $1.07 million during the second quarter of 2023. The firm purchased 17,755 shares of the ETF, reflecting a growing interest in quality-focused investment strategies among institutional investors.
Investment activity around the JPMorgan U.S. Quality Factor ETF has seen notable shifts in recent months. According to data from HoldingsChannel, several other hedge funds and institutional investors have adjusted their stakes in JQUA. For instance, Savant Capital LLC increased its position in the ETF by 14.7%, now holding 8,382,025 shares valued at approximately $503.34 million after acquiring an additional 1,072,456 shares during the last quarter.
Intellus Advisors LLC made a more dramatic move, boosting its stake by 181.2%. The firm now owns 523,325 shares worth about $31.43 million, following the purchase of an additional 337,229 shares. Similarly, Northwestern Mutual Wealth Management Co. raised its holdings by 22.9%, bringing their total to 1,635,935 shares valued at $92.38 million.
JPMorgan Chase & Co. has also increased its investment, raising its stake in the ETF by 29.6%. With this adjustment, the firm now owns 1,325,435 shares valued at approximately $79.59 million. Additionally, Raymond James Financial Inc. boosted its position by 23.1%, acquiring 1,448,388 shares worth $86.98 million.
Market Performance and ETF Overview
As of Friday, shares of the JPMorgan U.S. Quality Factor ETF opened at $63.74. The ETF, which has a market capitalization of $7.58 billion, has experienced a price-to-earnings ratio of 23.86 and a beta of 0.93. Over the past year, the ETF reached a low of $49.25 and a high of $64.35. Its 50-day moving average price stands at $62.59, while the 200-day moving average price is $61.48.
The JPMorgan U.S. Quality Factor ETF, launched on November 8, 2017, is designed to track the JP Morgan U.S. Quality Factor Index. The ETF selects companies from the Russell 1000 based on three key quality factors: profitability, earnings, and solvency. This investment approach appeals to those looking for stability and growth in their portfolios.
Investors interested in the latest movements of hedge funds regarding JQUA can visit HoldingsChannel.com for updates on 13F filings and insider trades. MarketBeat.com also offers a daily newsletter summarizing news and analyst ratings for the ETF and similar investment opportunities.
