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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price reached 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 Stock Performance

The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. The business’s 50 day moving average is $74.59 and its 200-day moving average is $71.31.

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

Hedge funds have recently bought and sold shares of the company. Quadcap Wealth Management LLC increased its position in shares of 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 valued at $76,351,000 after purchasing an additional 34,752 shares during the period. RVW Wealth LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at $74,549,000. Avidian Wealth Enterprises LLC bought a new position in JPMorgan U.S. Quality Factor ETF in the third quarter worth $73,013,000. Cetera Investment Advisers lifted its position in JPMorgan U.S. Quality Factor ETF by 41.7% in the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock worth $63,311,000 after purchasing an additional 303,867 shares during the period. Finally, LVZ Inc. lifted its position in JPMorgan U.S. Quality Factor ETF by 1.6% in the first quarter. LVZ Inc. now owns 1,017,280 shares of the company’s stock worth $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.