JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Here’s Why

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUAGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $63.77 and last traded at $63.7140, with a volume of 69820 shares changing hands. The stock had previously closed at $63.31.

JPMorgan U.S. Quality Factor ETF Trading Up 0.6%

The company’s 50-day moving average is $62.50 and its 200 day moving average is $61.25. The stock has a market capitalization of $7.58 billion, a PE ratio of 23.86 and a beta of 0.93.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WealthShield Partners LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 3.3% during the 1st quarter. WealthShield Partners LLC now owns 24,278 shares of the company’s stock valued at $1,371,000 after purchasing an additional 776 shares during the last quarter. Townsquare Capital LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 5.6% in the first quarter. Townsquare Capital LLC now owns 957,045 shares of the company’s stock valued at $54,044,000 after buying an additional 50,869 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in JPMorgan U.S. Quality Factor ETF by 0.5% in the 1st quarter. Benjamin Edwards Inc. now owns 123,971 shares of the company’s stock worth $7,001,000 after buying an additional 587 shares during the period. Cooper Financial Group raised its position in JPMorgan U.S. Quality Factor ETF by 8.7% during the 1st quarter. Cooper Financial Group now owns 13,794 shares of the company’s stock worth $779,000 after buying an additional 1,106 shares during the last quarter. Finally, Linscomb Wealth Inc. acquired a new stake in JPMorgan U.S. Quality Factor ETF during the 1st quarter valued at approximately $3,682,000.

About JPMorgan U.S. Quality Factor ETF

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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.

Further Reading

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