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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.85 and last traded at $74.78, with a volume of 29510 shares changing hands. The stock had previously closed at $74.53.

JPMorgan U.S. Quality Factor ETF Stock Performance

The business’s 50 day moving average price is $71.75 and its 200-day moving average price is $67.18. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Savant Capital LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 10.8% during the fourth 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. Morgan Stanley raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in 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 in the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in 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 in the last quarter. Raymond James Financial Inc. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 16.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock worth $106,439,000 after buying an additional 243,540 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 1,497,909 shares of the company’s stock worth $94,233,000 after buying an additional 83,787 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.