JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 12-Month High – Here’s Why

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $66.91 and last traded at $66.91, with a volume of 29048 shares traded. The stock had previously closed at $66.53.

JPMorgan U.S. Quality Factor ETF Price Performance

The company has a market capitalization of $7.61 billion, a PE ratio of 23.86 and a beta of 0.90. The business has a 50-day moving average of $63.61 and a 200 day moving average of $63.43.

Institutional Investors Weigh In On JPMorgan U.S. Quality Factor ETF

A number of hedge funds have recently made changes to their positions in the company. Savant Capital LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 10.8% in the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after buying an additional 996,453 shares in the last quarter. Signaturefd LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 1.2% in the fourth 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 in the last quarter. Morgan Stanley lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth 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 lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in the fourth 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. Finally, JPMorgan Chase & Co. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 53.0% in the third 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 in 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.