JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – What’s Next?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during trading on Tuesday. The company traded as high as $75.67 and last traded at $75.6560, with a volume of 182786 shares trading hands. The stock had previously closed at $75.14.

JPMorgan U.S. Quality Factor ETF Stock Up 0.4%

The company has a market capitalization of $9.12 billion, a P/E ratio of 23.86 and a beta of 0.90. The firm has a fifty day simple moving average of $74.13 and a 200-day simple moving average of $70.22.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in JPMorgan U.S. Quality Factor ETF by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 110,135 shares of the company’s stock worth $7,961,000 after acquiring an additional 8,909 shares during the last quarter. TritonPoint Partners LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at approximately $697,000. Waterway Wealth Management LLC lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 24.2% in the fourth quarter. Waterway Wealth Management LLC now owns 207,272 shares of the company’s stock worth $13,095,000 after purchasing an additional 40,432 shares in the last quarter. Blue Trust Inc. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 12.3% during the first quarter. Blue Trust Inc. now owns 97,962 shares of the company’s stock worth $6,007,000 after purchasing an additional 10,709 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the first quarter worth $10,477,000.

JPMorgan U.S. 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.