JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sets New 52-Week High – Time to Buy?

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 $68.76 and last traded at $68.59, with a volume of 101450 shares changing hands. The stock had previously closed at $68.01.

JPMorgan U.S. Quality Factor ETF Price Performance

The stock has a market capitalization of $7.72 billion, a P/E ratio of 23.86 and a beta of 0.90. The business’s 50 day simple moving average is $64.33 and its 200-day simple moving average is $63.76.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Savant Capital LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 10.8% in the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after acquiring an additional 996,453 shares during the last quarter. Signaturefd LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 1.2% in the 4th quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after acquiring an additional 66,385 shares during the period. Morgan Stanley raised its position in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in the 4th quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock valued at $187,030,000 after acquiring an additional 293,117 shares during the period. Sage Mountain Advisors LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock valued at $185,721,000 after acquiring an additional 50,109 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of JPMorgan U.S. Quality Factor ETF by 53.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock valued at $127,575,000 after acquiring an additional 702,461 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.