JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – Still a Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.91 and last traded at $66.91, with a volume of 29048 shares trading hands. The stock had previously closed at $66.53.

JPMorgan U.S. Quality Factor ETF Stock Performance

The company has a market capitalization of $7.47 billion, a PE ratio of 23.86 and a beta of 0.90. The business’s 50-day moving average is $63.46 and its 200-day moving average is $63.36.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JQUA. Cresset Asset Management LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 12.5% in the second quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after buying an additional 745 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in JPMorgan U.S. Quality Factor ETF by 16.2% in the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after buying an additional 541 shares during the last quarter. Main Street Financial Solutions LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the second quarter worth about $1,062,000. Betterment LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 49.2% in the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after buying an additional 2,875 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in JPMorgan U.S. Quality Factor ETF by 23.1% in the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after buying an additional 271,538 shares during the last quarter.

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.