JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sets New 1-Year High – Here’s Why

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA)’s share price reached a new 52-week high on Friday . The company traded as high as $60.42 and last traded at $60.26, with a volume of 47226 shares. The stock had previously closed at $60.16.

JPMorgan US Quality Factor ETF Trading Down 0.4 %

The firm has a 50-day simple moving average of $58.69 and a 200-day simple moving average of $56.85. The firm has a market cap of $4.85 billion, a P/E ratio of 25.27 and a beta of 0.94.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Several institutional investors have recently bought and sold shares of JQUA. Savant Capital LLC boosted its stake in shares of JPMorgan US Quality Factor ETF by 21.6% during the 4th quarter. Savant Capital LLC now owns 6,224,628 shares of the company’s stock worth $356,484,000 after acquiring an additional 1,104,556 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan US Quality Factor ETF during the fourth quarter worth $60,102,000. Wealth Enhancement Advisory Services LLC acquired a new position in JPMorgan US Quality Factor ETF during the fourth quarter worth about $36,676,000. LPL Financial LLC lifted its position in shares of JPMorgan US Quality Factor ETF by 16.9% in the third quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock valued at $200,219,000 after acquiring an additional 510,409 shares in the last quarter. Finally, Mason & Associates Inc lifted its holdings in shares of JPMorgan US Quality Factor ETF by 57.4% during the 4th quarter. Mason & Associates Inc now owns 1,355,653 shares of the company’s stock worth $77,638,000 after acquiring an additional 494,630 shares during the period.

About JPMorgan US 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.