JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Stock Price Breaks Above 50-Day Moving Average – Should You Sell?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $74.83 and traded as high as $75.39. JPMorgan U.S. Quality Factor ETF shares last traded at $75.15, with a volume of 1,568,392 shares traded.

JPMorgan U.S. Quality Factor ETF Stock Performance

The stock has a market capitalization of $9.82 billion, a PE ratio of 23.53 and a beta of 0.90. The stock has a 50-day moving average price of $74.88 and a two-hundred day moving average price of $69.80.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JQUA. Fortitude Family Office LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter valued at approximately $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth $40,000. Parallel Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $41,000. Root Financial Partners LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $60,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $67,000.

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.