JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sets New 52-Week Low – Here’s Why

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $49.25 and last traded at $49.47, with a volume of 122845 shares changing hands. The stock had previously closed at $51.58.

JPMorgan US Quality Factor ETF Price Performance

The stock’s fifty day moving average price is $57.78 and its 200-day moving average price is $57.87. The firm has a market cap of $5.30 billion, a PE ratio of 24.30 and a beta of 0.95.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in JPMorgan US Quality Factor ETF by 22.9% during the third quarter. FMR LLC now owns 16,613 shares of the company’s stock worth $940,000 after buying an additional 3,092 shares during the period. Jane Street Group LLC acquired a new stake in JPMorgan US Quality Factor ETF in the 3rd quarter valued at about $3,403,000. Orion Portfolio Solutions LLC lifted its stake in JPMorgan US Quality Factor ETF by 4.2% during the third quarter. Orion Portfolio Solutions LLC now owns 28,016 shares of the company’s stock valued at $1,585,000 after buying an additional 1,129 shares in the last quarter. Valued Retirements Inc. purchased a new position in JPMorgan US Quality Factor ETF during the 3rd quarter valued at about $289,000. Finally, GG Group Ventures LLC raised its stake in shares of JPMorgan US Quality Factor ETF by 37.9% during the 3rd quarter. GG Group Ventures LLC now owns 11,665 shares of the company’s stock worth $679,000 after purchasing an additional 3,209 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.