JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sets New 12-Month High – Here’s Why

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during trading on Thursday . The company traded as high as $60.51 and last traded at $60.51, with a volume of 321286 shares. The stock had previously closed at $59.97.

JPMorgan US Quality Factor ETF Trading Up 1.1 %

The stock’s fifty day moving average price is $58.70 and its 200 day moving average price is $57.06. The stock has a market cap of $4.91 billion, a P/E ratio of 25.27 and a beta of 0.94.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. Savant Capital LLC lifted its stake in JPMorgan US Quality Factor ETF by 21.6% in the fourth quarter. Savant Capital LLC now owns 6,224,628 shares of the company’s stock worth $356,484,000 after purchasing an additional 1,104,556 shares during the last quarter. Signaturefd LLC increased its holdings in shares of JPMorgan US Quality Factor ETF by 1.2% in the third quarter. Signaturefd LLC now owns 5,533,652 shares of the company’s stock worth $313,039,000 after buying an additional 66,260 shares during the period. LPL Financial LLC lifted its stake in shares of JPMorgan US Quality Factor ETF by 5.3% in the 4th quarter. LPL Financial LLC now owns 3,726,426 shares of the company’s stock valued at $213,412,000 after acquiring an additional 187,110 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of JPMorgan US Quality Factor ETF by 1.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,682,855 shares of the company’s stock valued at $153,647,000 after acquiring an additional 44,726 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in JPMorgan US Quality Factor ETF by 34.2% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,404,155 shares of the company’s stock valued at $137,686,000 after acquiring an additional 612,953 shares during the period.

JPMorgan US 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.