JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Strong Trading Volume – Here’s Why

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw unusually-strong trading volume on Monday. 917,047 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 722,186 shares. The stock last traded at $76.2010 and had previously closed at $75.92.

JPMorgan U.S. Quality Factor ETF Price Performance

The business’s 50-day moving average is $74.65 and its two-hundred day moving average is $71.62. The firm has a market cap of $9.42 billion, a P/E ratio of 23.86 and a beta of 0.90.

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

A number of large investors have recently modified their holdings of JQUA. Quadcap Wealth Management LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 2.9% in the first quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock valued at $76,351,000 after acquiring an additional 34,752 shares during the last quarter. Cetera Investment Advisers boosted its position in JPMorgan U.S. Quality Factor ETF by 41.7% during the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after purchasing an additional 303,867 shares during the last quarter. LVZ Inc. grew its stake in JPMorgan U.S. Quality Factor ETF by 1.6% in the first quarter. LVZ Inc. now owns 1,017,280 shares of the company’s stock valued at $62,380,000 after purchasing an additional 15,791 shares in the last quarter. RVW Wealth LLC bought a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $74,549,000. Finally, Avidian Wealth Enterprises LLC bought a new position in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $73,013,000.

About JPMorgan U.S. 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.