JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 12-Month High – What’s Next?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during trading on Monday . The company traded as high as $68.46 and last traded at $68.33, with a volume of 27605 shares traded. The stock had previously closed at $68.20.

JPMorgan U.S. Quality Factor ETF Trading Up 0.1%

The company has a market capitalization of $7.68 billion, a P/E ratio of 23.86 and a beta of 0.90. The business’s 50-day simple moving average is $63.68 and its 200 day simple moving average is $63.47.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avidian Wealth Enterprises LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock worth $45,338,000 after purchasing an additional 19,436 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 13.4% in the 3rd quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock worth $24,242,000 after purchasing an additional 45,556 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 71.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 313,401 shares of the company’s stock valued at $19,801,000 after acquiring an additional 131,103 shares in the last quarter. Breakwater Capital Group boosted its stake in JPMorgan U.S. Quality Factor ETF by 11.4% in the 4th quarter. Breakwater Capital Group now owns 414,268 shares of the company’s stock worth $26,173,000 after purchasing an additional 42,271 shares during the period. Finally, BridgePort Financial Solutions LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 30.0% in the 3rd quarter. BridgePort Financial Solutions LLC now owns 117,813 shares of the company’s stock worth $7,412,000 after purchasing an additional 27,177 shares during the period.

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.