JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) shares hit a new 52-week high on Monday . The stock traded as high as $68.46 and last traded at $68.33, with a volume of 27605 shares. The stock had previously closed at $68.20.

JPMorgan U.S. Quality Factor ETF Price Performance

The firm’s 50-day moving average price is $63.68 and its 200 day moving average price is $63.47. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JQUA. Savant Capital LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 10.8% during the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after purchasing an additional 996,453 shares in the last quarter. Signaturefd LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 1.2% during the 4th quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock worth $344,583,000 after buying an additional 66,385 shares during the period. Morgan Stanley increased its stake in JPMorgan U.S. Quality Factor ETF by 11.0% during the 4th quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after buying an additional 293,117 shares during the period. Sage Mountain Advisors LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 1.7% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock worth $185,721,000 after buying an additional 50,109 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan U.S. Quality Factor ETF by 53.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after buying an additional 702,461 shares during the period.

About JPMorgan U.S. 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.