JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Reaches New 12-Month High – Time to Buy?

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.74 and last traded at $56.74, with a volume of 464831 shares changing hands. The stock had previously closed at $56.55.

JPMorgan US Quality Factor ETF Stock Performance

The company has a market cap of $4.61 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The business has a 50-day simple moving average of $54.87 and a 200-day simple moving average of $53.17.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JQUA. Midland Wealth Advisors LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth about $96,084,000. Financial Network Wealth Advisors LLC purchased a new position in JPMorgan US Quality Factor ETF during the 4th quarter worth approximately $866,000. Able Wealth Management LLC purchased a new position in JPMorgan US Quality Factor ETF during the 4th quarter worth approximately $3,013,000. Scarborough Advisors LLC grew its stake in JPMorgan US Quality Factor ETF by 1,116.4% during the 4th quarter. Scarborough Advisors LLC now owns 2,226,572 shares of the company’s stock worth $106,564,000 after buying an additional 2,043,520 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its stake in JPMorgan US Quality Factor ETF by 16.5% during the 4th quarter. Integrated Advisors Network LLC now owns 11,918 shares of the company’s stock worth $570,000 after buying an additional 1,685 shares during the last quarter.

JPMorgan US 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.