JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Should You Buy?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.37 and last traded at $70.26, with a volume of 11172 shares. The stock had previously closed at $69.73.

JPMorgan U.S. Quality Factor ETF Stock Performance

The firm has a market capitalization of $7.93 billion, a PE ratio of 23.86 and a beta of 0.90. The business’s 50 day moving average is $64.82 and its two-hundred day moving average is $63.95.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of hedge funds have recently made changes to their positions in JQUA. Cresset Asset Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock worth $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings 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 worth $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 worth $1,062,000. Betterment LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 49.2% during the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after acquiring an additional 2,875 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock worth $86,976,000 after acquiring an additional 271,538 shares during the last quarter.

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.