JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sets New 52-Week High – Time to Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $68.76 and last traded at $68.59, with a volume of 101450 shares trading hands. The stock had previously closed at $68.01.

JPMorgan U.S. Quality Factor ETF Stock Performance

The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. The business’s 50-day moving average is $64.33 and its two-hundred day moving average is $63.76.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of hedge funds have recently modified their holdings of JQUA. Cresset Asset Management LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after acquiring an additional 745 shares during the period. Qube Research & Technologies Ltd raised its holdings in JPMorgan U.S. Quality Factor ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after buying an additional 541 shares during the period. Main Street Financial Solutions LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth approximately $1,062,000. Betterment LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 49.2% during the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after buying an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in JPMorgan U.S. Quality Factor ETF by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after buying an additional 271,538 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.