JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw strong trading volume on Friday . 2,087,077 shares were traded during trading, an increase of 202% from the previous session’s volume of 690,033 shares.The stock last traded at $63.8960 and had previously closed at $63.33.

JPMorgan U.S. Quality Factor ETF Stock Up 0.7%

The firm has a 50-day moving average price of $63.91 and a two-hundred day moving average price of $62.77. The firm has a market cap of $7.55 billion, a PE ratio of 23.86 and a beta of 0.93.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the second quarter worth about $25,000. Operose Advisors LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 65.5% in the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after acquiring an additional 235 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in JPMorgan U.S. Quality Factor ETF in the 4th quarter worth approximately $39,000. Harbour Investments Inc. lifted its stake in JPMorgan U.S. Quality Factor ETF by 26.5% in the 2nd quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares in the last quarter. Finally, Parkworth Wealth Management Inc. acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth approximately $55,000.

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.