JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 1-Year High – Time to Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.85 and last traded at $74.78, with a volume of 29510 shares changing hands. The stock had previously closed at $74.53.

JPMorgan U.S. Quality Factor ETF Price Performance

The stock has a 50-day moving average of $71.75 and a 200 day moving average of $67.18. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC boosted its stake 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 valued at $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of JPMorgan U.S. Quality Factor ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock valued at $233,000 after acquiring an additional 541 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $1,062,000. Betterment LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 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.