JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Hits New 12-Month High – What’s Next?

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.74 and last traded at $60.74, with a volume of 681928 shares traded. The stock had previously closed at $60.41.

JPMorgan US Quality Factor ETF Stock Performance

The company has a 50-day simple moving average of $58.81 and a 200-day simple moving average of $57.34. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 25.89 and a beta of 0.95.

Hedge Funds Weigh In On JPMorgan US Quality Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $29,000. Guardian Wealth Advisors LLC NC acquired a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $43,000. CENTRAL TRUST Co acquired a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $47,000. Abound Wealth Management acquired a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter worth approximately $55,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter worth approximately $68,000.

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.