JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Shares Break Above 50-Day Moving Average – Time to Sell?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $74.83 and traded as high as $75.39. JPMorgan U.S. Quality Factor ETF shares last traded at $75.15, with a volume of 1,568,392 shares trading hands.

JPMorgan U.S. Quality Factor ETF Stock Up 2.5%

The firm has a market capitalization of $9.68 billion, a P/E ratio of 23.53 and a beta of 0.90. The business’s 50 day moving average is $74.83 and its two-hundred day moving average is $69.68.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JQUA. Fortitude Family Office LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $29,000. Pinnacle Bancorp Inc. bought a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter worth approximately $40,000. Parallel Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter worth approximately $41,000. Root Financial Partners LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter worth approximately $60,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth approximately $67,000.

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.