JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Unusually-High Trading Volume – What’s Next?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw unusually-strong trading volume on Monday . Approximately 1,469,671 shares traded hands during trading, an increase of 92% from the previous session’s volume of 764,201 shares.The stock last traded at $64.33 and had previously closed at $64.48.

JPMorgan U.S. Quality Factor ETF Stock Down 0.1%

The company has a 50 day simple moving average of $63.99 and a 200-day simple moving average of $63.01. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

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

A number of hedge funds have recently added to or reduced their stakes in the business. OakTrust Wealth Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth $706,000. TD Capital Management LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 12.0% in the fourth quarter. TD Capital Management LLC now owns 56,723 shares of the company’s stock valued at $3,584,000 after acquiring an additional 6,082 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 105.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,231 shares of the company’s stock valued at $899,000 after purchasing an additional 7,295 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 1.3% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 121,830 shares of the company’s stock worth $7,697,000 after purchasing an additional 1,538 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 6.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 218,880 shares of the company’s stock valued at $13,829,000 after purchasing an additional 13,218 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.