JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Large Volume Increase – Here’s What Happened

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) shares saw strong trading volume on Friday . 2,087,077 shares changed hands during trading, an increase of 202% from the previous session’s volume of 690,033 shares.The stock last traded at $63.8960 and had previously closed at $63.33.

JPMorgan U.S. Quality Factor ETF Stock Up 0.7%

The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. The stock has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $62.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JQUA. Greenline Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter worth about $277,000. Wilkerson Advisory Group LLC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth approximately $515,000. Morgan Stanley raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after purchasing an additional 293,117 shares during the last quarter. MorganRosel Wealth Management LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 6.0% in the fourth quarter. MorganRosel Wealth Management LLC now owns 120,894 shares of the company’s stock worth $7,638,000 after purchasing an additional 6,863 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.8% in the fourth quarter. Golden State Wealth Management LLC now owns 94,018 shares of the company’s stock valued at $5,940,000 after purchasing an additional 2,602 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.