JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sets New 1-Year High – Time to Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.90 and last traded at $64.7490, with a volume of 107927 shares traded. The stock had previously closed at $64.69.

JPMorgan U.S. Quality Factor ETF Stock Performance

The company has a market cap of $7.67 billion, a P/E ratio of 23.86 and a beta of 0.93. The firm has a 50 day moving average price of $63.52 and a two-hundred day moving average price of $62.48.

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

Institutional investors have recently made changes to their positions in the stock. Drive Wealth Management LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 1.0% during the 2nd quarter. Drive Wealth Management LLC now owns 18,785 shares of the company’s stock valued at $1,128,000 after acquiring an additional 181 shares during the last quarter. AE Wealth Management LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 11.8% during the second quarter. AE Wealth Management LLC now owns 1,777 shares of the company’s stock valued at $107,000 after purchasing an additional 187 shares in the last quarter. Harbour Investments Inc. raised its stake in JPMorgan U.S. Quality Factor ETF by 26.5% during the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock valued at $54,000 after purchasing an additional 190 shares in the last quarter. Beacon Bridge Wealth Partners LLC lifted its position in JPMorgan U.S. Quality Factor ETF by 1.5% during the third quarter. Beacon Bridge Wealth Partners LLC now owns 13,039 shares of the company’s stock valued at $820,000 after purchasing an additional 190 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 3.7% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock worth $351,000 after buying an additional 198 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.