JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Here’s Why

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high on Friday . The stock traded as high as $59.82 and last traded at $59.82, with a volume of 72175 shares trading hands. The stock had previously closed at $59.52.

JPMorgan US Quality Factor ETF Price Performance

The business’s 50-day moving average price is $57.42 and its 200-day moving average price is $54.85. The firm has a market capitalization of $4.83 billion, a PE ratio of 25.27 and a beta of 0.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors LLC acquired a new stake in JPMorgan US Quality Factor ETF during the 3rd quarter worth approximately $1,025,000. GG Group Ventures LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 37.9% during the third quarter. GG Group Ventures LLC now owns 11,665 shares of the company’s stock worth $679,000 after purchasing an additional 3,209 shares during the period. Valued Retirements Inc. purchased a new position in JPMorgan US Quality Factor ETF in the 3rd quarter valued at $289,000. Delos Wealth Advisors LLC increased its stake in JPMorgan US Quality Factor ETF by 7.9% in the 3rd quarter. Delos Wealth Advisors LLC now owns 65,369 shares of the company’s stock valued at $3,698,000 after buying an additional 4,807 shares during the period. Finally, Orion Portfolio Solutions LLC raised its position in JPMorgan US Quality Factor ETF by 4.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 28,016 shares of the company’s stock worth $1,585,000 after buying an additional 1,129 shares during the last quarter.

About JPMorgan US 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.