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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high on Monday . The company traded as high as $75.64 and last traded at $75.25, with a volume of 493 shares trading hands. The stock had previously closed at $75.25.

JPMorgan U.S. Quality Factor ETF Stock Performance

The company has a 50 day moving average of $72.09 and a 200 day moving average of $67.56. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Several large investors have recently made changes to their positions in the company. World Investment Advisors lifted its position in JPMorgan U.S. Quality Factor ETF by 1.9% during the 1st quarter. World Investment Advisors now owns 8,608 shares of the company’s stock valued at $528,000 after purchasing an additional 160 shares during the period. Florida Financial Advisors LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 1.0% during the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock worth $1,048,000 after buying an additional 161 shares during the period. Axis Wealth Partners LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 4.9% during the first quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after buying an additional 164 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 0.3% in the first quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock valued at $3,529,000 after buying an additional 186 shares during the period. Finally, Wilkerson Advisory Group LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 2.3% in the first quarter. Wilkerson Advisory Group LLC now owns 8,342 shares of the company’s stock valued at $512,000 after buying an additional 187 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.