JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 1-Year High – Still a Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $72.32 and last traded at $72.30, with a volume of 217856 shares traded. The stock had previously closed at $71.67.

JPMorgan U.S. Quality Factor ETF Stock Performance

The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The firm’s 50-day simple moving average is $69.13 and its two-hundred day simple moving average is $65.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth boosted its position in JPMorgan U.S. Quality Factor ETF by 4,153.5% in the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock valued at $86,462,000 after buying an additional 1,336,332 shares during the last quarter. Savant Capital LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 10.8% during the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after acquiring an additional 996,453 shares during the period. Hughes Financial Services LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 15,645.5% in the fourth quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock valued at $55,371,000 after acquiring an additional 870,829 shares during the last quarter. UMB Bank n.a. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 4,731.9% in the fourth quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after acquiring an additional 735,143 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 64.4% in the fourth quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock valued at $85,834,000 after acquiring an additional 532,063 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.