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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $72.23 and last traded at $72.18, with a volume of 181009 shares changing hands. The stock had previously closed at $71.00.

JPMorgan U.S. Quality Factor ETF Stock Up 1.6%

The stock has a fifty day simple moving average of $67.38 and a 200 day simple moving average of $64.84. The firm has a market capitalization of $8.11 billion, a P/E ratio of 23.86 and a beta of 0.91.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Operose Advisors LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after acquiring an additional 235 shares during the period. Lloyd Advisory Services LLC. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter valued at about $39,000. Wealth Watch Advisors INC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at about $57,000. Longview Financial Advisors LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at about $66,000. Finally, Smartleaf Asset Management LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after purchasing an additional 998 shares in the last quarter.

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.