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

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high on Friday . The company traded as high as $60.42 and last traded at $60.26, with a volume of 47226 shares trading hands. The stock had previously closed at $60.16.

JPMorgan US Quality Factor ETF Price Performance

The company has a market cap of $4.85 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The stock has a 50 day simple moving average of $58.69 and a two-hundred day simple moving average of $56.85.

Hedge Funds Weigh In On JPMorgan US Quality Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Coordinated Financial Services Inc. purchased a new stake in JPMorgan US Quality Factor ETF during the fourth quarter worth approximately $412,000. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan US Quality Factor ETF during the 4th quarter worth approximately $60,102,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of JPMorgan US Quality Factor ETF by 32.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 37,647 shares of the company’s stock valued at $2,156,000 after buying an additional 9,321 shares in the last quarter. Financial Services Advisory Inc grew its position in shares of JPMorgan US Quality Factor ETF by 0.8% in the 4th quarter. Financial Services Advisory Inc now owns 396,816 shares of the company’s stock valued at $22,726,000 after buying an additional 3,205 shares during the last quarter. Finally, Kelly Financial Group LLC acquired a new stake in JPMorgan US Quality Factor ETF during the 4th quarter worth $11,187,000.

JPMorgan US 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.