JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 52-Week High – Time to Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUAGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $64.58 and last traded at $64.5150, with a volume of 130948 shares. The stock had previously closed at $64.44.

JPMorgan U.S. Quality Factor ETF Stock Performance

The company has a market cap of $7.77 billion, a P/E ratio of 23.86 and a beta of 0.93. The firm has a 50 day moving average price of $62.99 and a 200-day moving average price of $62.14.

Institutional Investors Weigh In On JPMorgan U.S. Quality Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JQUA. Atlantic Union Bankshares Corp acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the second quarter worth $25,000. Wealth Watch Advisors INC bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $57,000. MCF Advisors LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at $57,000. DHJJ Financial Advisors Ltd. boosted its position in JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after buying an additional 326 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 26.5% in the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after acquiring an additional 190 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Company Profile

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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.

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