JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Strong Trading Volume – Still a Buy?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw an uptick in trading volume on Friday . 2,087,077 shares were traded during mid-day trading, an increase of 202% from the previous session’s volume of 690,033 shares.The stock last traded at $63.8960 and had previously closed at $63.33.

JPMorgan U.S. Quality Factor ETF Stock Up 0.7%

The stock has a market cap of $7.55 billion, a PE ratio of 23.86 and a beta of 0.93. The firm has a 50-day simple moving average of $63.91 and a 200-day simple moving average of $62.74.

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

Several hedge funds and other institutional investors have recently modified their holdings of JQUA. MGO One Seven LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 32.1% in the second quarter. MGO One Seven LLC now owns 9,137 shares of the company’s stock worth $549,000 after buying an additional 2,219 shares in the last quarter. Harbour Investments Inc. lifted its stake in 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 purchasing an additional 190 shares in the last quarter. Mutual Advisors LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 7.7% in the 2nd quarter. Mutual Advisors LLC now owns 55,545 shares of the company’s stock valued at $3,405,000 after purchasing an additional 3,993 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $136,000. Finally, TFC Financial Management Inc. increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 7.6% in the second quarter. TFC Financial Management Inc. now owns 704,042 shares of the company’s stock worth $42,278,000 after purchasing an additional 49,924 shares during the period.

JPMorgan U.S. Quality Factor ETF Company 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.