JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – Should You Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $63.77 and last traded at $63.7140, with a volume of 69820 shares changing hands. The stock had previously closed at $63.31.

JPMorgan U.S. Quality Factor ETF Trading Up 0.6%

The company has a market capitalization of $7.58 billion, a PE ratio of 23.86 and a beta of 0.93. The stock’s 50-day moving average is $62.50 and its two-hundred day moving average is $61.25.

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

Several hedge funds have recently bought and sold shares of JQUA. Savant Capital LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 10.5% during the third quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock worth $582,579,000 after purchasing an additional 878,484 shares during the last quarter. Signaturefd LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 2.2% in the 2nd quarter. Signaturefd LLC now owns 5,501,136 shares of the company’s stock worth $330,343,000 after buying an additional 120,933 shares during the period. Sage Mountain Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 6.6% during the 3rd quarter. Sage Mountain Advisors LLC now owns 2,889,443 shares of the company’s stock valued at $181,775,000 after buying an additional 177,728 shares in the last quarter. JPMorgan Chase & Co. grew its stake in JPMorgan U.S. Quality Factor ETF by 53.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after acquiring an additional 702,461 shares in the last quarter. Finally, Midland Wealth Advisors LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 2.7% in the 2nd quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock worth $121,683,000 after acquiring an additional 53,000 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.