JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – What’s Next?

Shares of 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 $66.25 and last traded at $66.01, with a volume of 471177 shares. The stock had previously closed at $66.20.

JPMorgan U.S. Quality Factor ETF Stock Performance

The stock has a fifty day simple moving average of $63.34 and a 200-day simple moving average of $63.28. The stock has a market cap of $7.42 billion, a P/E ratio of 23.86 and a beta of 0.91.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Large investors have recently added to or reduced their stakes in the company. Operose Advisors LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 65.5% during the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after purchasing an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth about $39,000. Wealth Watch Advisors INC bought a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000. MCF Advisors LLC bought a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000. Finally, DHJJ Financial Advisors Ltd. increased its holdings in JPMorgan U.S. Quality Factor ETF by 56.4% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock worth $57,000 after purchasing an additional 326 shares in 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.