JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 12-Month High – Should You Buy?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $76.57 and last traded at $76.4550, with a volume of 383,292 shares. The stock had previously closed at $76.42.

JPMorgan U.S. Quality Factor ETF Stock Performance

The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. The business has a 50 day simple moving average of $74.69 and a 200-day simple moving average of $69.12.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RVW Wealth LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter valued at $74,549,000. Avidian Wealth Enterprises LLC acquired a new position in JPMorgan U.S. Quality Factor ETF during the third quarter valued at $73,013,000. Midland Wealth Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $67,344,000. Breakwater Capital Group bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the third quarter valued at approximately $33,394,000. Finally, HEMMING& Wealth Management Inc. bought a new stake in JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at $29,183,000.

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.