JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Hits New 12-Month High – Time to Buy?

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) shares hit a new 52-week high during trading on Thursday . The company traded as high as $60.51 and last traded at $60.51, with a volume of 321286 shares changing hands. The stock had previously closed at $59.97.

JPMorgan US Quality Factor ETF Stock Performance

The company has a market cap of $4.89 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The company has a fifty day moving average of $58.72 and a two-hundred day moving average of $57.14.

Hedge Funds Weigh In On JPMorgan US Quality Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JQUA. Sulzberger Capital Advisors Inc. acquired a new position in shares of JPMorgan US Quality Factor ETF in the fourth quarter worth approximately $1,031,000. GG Group Ventures LLC grew its holdings in JPMorgan US Quality Factor ETF by 26.6% during the 4th quarter. GG Group Ventures LLC now owns 14,763 shares of the company’s stock worth $845,000 after acquiring an additional 3,098 shares during the period. Northern Trust Corp boosted its position in shares of JPMorgan US Quality Factor ETF by 72.8% during the 4th quarter. Northern Trust Corp now owns 8,365 shares of the company’s stock valued at $479,000 after purchasing an additional 3,523 shares in the last quarter. Betterment LLC grew its stake in JPMorgan US Quality Factor ETF by 3.7% during the fourth quarter. Betterment LLC now owns 5,494 shares of the company’s stock worth $315,000 after purchasing an additional 195 shares during the period. Finally, Knightsbridge Asset Management LLC increased its holdings in JPMorgan US Quality Factor ETF by 1.9% in the fourth quarter. Knightsbridge Asset Management LLC now owns 154,976 shares of the company’s stock worth $8,875,000 after purchasing an additional 2,866 shares in the last quarter.

About JPMorgan US 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.