JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – Still a Buy?

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $66.10 and last traded at $65.52, with a volume of 569098 shares traded. The stock had previously closed at $65.74.

JPMorgan U.S. Quality Factor ETF Stock Down 0.3%

The company has a market cap of $7.39 billion, a PE ratio of 23.86 and a beta of 0.91. The stock’s 50 day simple moving average is $63.25 and its two-hundred day simple moving average is $63.23.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Operose Advisors LLC grew its position in JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after acquiring an additional 235 shares during the period. Lloyd Advisory Services LLC. purchased a new position in shares of JPMorgan U.S. Quality Factor ETF in the 4th quarter worth about $39,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 56.4% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after purchasing an additional 326 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $57,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth about $57,000.

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.