JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sets New 12-Month High – Here’s Why

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)’s share price reached a new 52-week high on Friday . The company traded as high as $59.82 and last traded at $59.82, with a volume of 72175 shares traded. The stock had previously closed at $59.52.

JPMorgan US Quality Factor ETF Trading Up 0.3 %

The company has a market capitalization of $4.83 billion, a PE ratio of 25.27 and a beta of 0.94. The stock’s 50-day moving average is $57.35 and its two-hundred day moving average is $54.79.

Institutional Trading of JPMorgan US Quality Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JQUA. Savant Capital LLC raised its position in JPMorgan US Quality Factor ETF by 26.2% in the 2nd quarter. Savant Capital LLC now owns 2,848,449 shares of the company’s stock worth $150,825,000 after purchasing an additional 590,900 shares during the period. LPL Financial LLC grew its stake in JPMorgan US Quality Factor ETF by 16.9% in the 3rd quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock worth $200,219,000 after acquiring an additional 510,409 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth about $27,648,000. Tull Financial Group Inc. bought a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth about $24,025,000. Finally, Goldstone Financial Group LLC bought a new position in JPMorgan US Quality Factor ETF in the 3rd quarter worth about $23,250,000.

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.