JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sets New 1-Year High – Here’s Why

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $76.09 and last traded at $76.0260, with a volume of 32,819 shares changing hands. The stock had previously closed at $75.87.

JPMorgan U.S. Quality Factor ETF Trading Up 0.4%

The business’s fifty day moving average price is $74.59 and its 200 day moving average price is $71.31. The company has a market capitalization of $9.34 billion, a P/E ratio of 23.86 and a beta of 0.90.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadcap Wealth Management LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 2.9% during the first quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock worth $76,351,000 after purchasing an additional 34,752 shares during the period. RVW Wealth LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter valued at approximately $74,549,000. Avidian Wealth Enterprises LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter valued at approximately $73,013,000. Cetera Investment Advisers boosted its holdings in JPMorgan U.S. Quality Factor ETF by 41.7% during the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after purchasing an additional 303,867 shares in the last quarter. Finally, LVZ Inc. grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.6% in the 1st quarter. LVZ Inc. now owns 1,017,280 shares of the company’s stock valued at $62,380,000 after purchasing an additional 15,791 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.