JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 12-Month High – Still a Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $64.38 and last traded at $64.3650, with a volume of 561062 shares changing hands. The stock had previously closed at $63.65.

JPMorgan U.S. Quality Factor ETF Price Performance

The stock has a market cap of $7.73 billion, a P/E ratio of 23.86 and a beta of 0.93. The firm’s fifty day moving average price is $62.89 and its two-hundred day moving average price is $61.99.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at about $25,000. Harbour Investments Inc. raised its stake in JPMorgan U.S. Quality Factor ETF by 26.5% in the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock valued at $54,000 after purchasing an additional 190 shares in the last quarter. Parkworth Wealth Management Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the second quarter valued at approximately $55,000. Asset Dedication LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 840.0% during the second quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after purchasing an additional 840 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its position in JPMorgan U.S. Quality Factor ETF by 56.4% during the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after purchasing an additional 326 shares during the last quarter.

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.