JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) shares hit 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 traded. The stock had previously closed at $75.25.

JPMorgan U.S. Quality Factor ETF Price Performance

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. World Investment Advisors lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 1.9% in the first quarter. World Investment Advisors now owns 8,608 shares of the company’s stock worth $528,000 after buying an additional 160 shares during the last quarter. Florida Financial Advisors LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.0% in the fourth quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock valued at $1,048,000 after buying an additional 161 shares during the period. Axis Wealth Partners LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 4.9% during the 1st quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after purchasing an additional 164 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 0.3% during the first quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock worth $3,529,000 after buying an additional 186 shares in the last quarter. Finally, Wilkerson Advisory Group LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 2.3% in the 1st 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.