JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 12-Month High – Here’s Why

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.32 and last traded at $72.30, with a volume of 217856 shares. The stock had previously closed at $71.67.

JPMorgan U.S. Quality Factor ETF Stock Performance

The firm’s fifty day simple moving average is $69.13 and its 200 day simple moving average is $65.46. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

Institutional Investors Weigh In On JPMorgan U.S. Quality Factor ETF

Several institutional investors have recently added to or reduced their stakes in JQUA. Focus Partners Wealth boosted its stake in JPMorgan U.S. Quality Factor ETF by 4,153.5% in the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after purchasing an additional 1,336,332 shares during the period. Savant Capital LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 10.8% during the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after buying an additional 996,453 shares in the last quarter. Hughes Financial Services LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 15,645.5% during the fourth quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock worth $55,371,000 after buying an additional 870,829 shares in the last quarter. UMB Bank n.a. raised its position in JPMorgan U.S. Quality Factor ETF by 4,731.9% in the 4th quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after buying an additional 735,143 shares during the last quarter. Finally, Savvy Advisors Inc. raised its position in JPMorgan U.S. Quality Factor ETF by 64.4% in the 4th quarter. Savvy Advisors Inc. now owns 1,358,559 shares of the company’s stock valued at $85,834,000 after buying an additional 532,063 shares during the last quarter.

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.