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

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $59.10 and last traded at $59.09, with a volume of 42322 shares. The stock had previously closed at $58.69.

JPMorgan US Quality Factor ETF Trading Up 0.8 %

The firm has a market cap of $4.79 billion, a PE ratio of 25.27 and a beta of 0.94. The stock has a 50 day simple moving average of $57.05 and a 200-day simple moving average of $54.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Kathmere Capital Management LLC grew its position in JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock worth $3,168,000 after acquiring an additional 211 shares in the last quarter. Allworth Financial LP grew its position in JPMorgan US Quality Factor ETF by 5.6% in the third quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock worth $273,000 after acquiring an additional 258 shares in the last quarter. Aveo Capital Partners LLC grew its position in JPMorgan US Quality Factor ETF by 2.7% in the second quarter. Aveo Capital Partners LLC now owns 10,549 shares of the company’s stock worth $559,000 after acquiring an additional 273 shares in the last quarter. Koesten Hirschmann & Crabtree INC. grew its position in JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock worth $29,000 after acquiring an additional 320 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in JPMorgan US Quality Factor ETF by 5.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock worth $361,000 after acquiring an additional 342 shares in 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.