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

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) shares reached a new 52-week high on Wednesday . The company traded as high as $60.74 and last traded at $60.74, with a volume of 681928 shares traded. The stock had previously closed at $60.41.

JPMorgan US Quality Factor ETF Stock Performance

The business has a fifty day moving average of $58.81 and a two-hundred day moving average of $57.34. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 25.89 and a beta of 0.95.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JQUA. Savant Capital LLC lifted its stake in JPMorgan US Quality Factor ETF by 21.6% in the 4th quarter. Savant Capital LLC now owns 6,224,628 shares of the company’s stock valued at $356,484,000 after buying an additional 1,104,556 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $60,102,000. Wealth Enhancement Advisory Services LLC purchased a new stake in JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $36,676,000. Sage Mountain Advisors LLC lifted its stake in JPMorgan US Quality Factor ETF by 34.2% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,404,155 shares of the company’s stock valued at $137,686,000 after buying an additional 612,953 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in JPMorgan US Quality Factor ETF by 16.9% in the 3rd quarter. LPL Financial LLC now owns 3,539,316 shares of the company’s stock valued at $200,219,000 after buying an additional 510,409 shares in the last quarter.

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.