JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $72.88 and last traded at $72.79, with a volume of 532830 shares trading hands. The stock had previously closed at $72.22.
JPMorgan U.S. Quality Factor ETF Price Performance
The stock has a 50-day moving average of $71.46 and a 200-day moving average of $66.90. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of JQUA. Cresset Asset Management LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after buying an additional 745 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in JPMorgan U.S. Quality Factor ETF by 16.2% during the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after purchasing an additional 541 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the second quarter worth $1,062,000. Betterment LLC boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 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.
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