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

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.90 and last traded at $64.7490, with a volume of 107927 shares changing hands. The stock had previously closed at $64.69.

JPMorgan U.S. Quality Factor ETF Stock Down 0.8%

The stock has a 50-day moving average price of $63.67 and a 200 day moving average price of $62.51. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

Institutional Investors Weigh In On JPMorgan U.S. Quality Factor ETF

A number of large investors have recently modified their holdings of JQUA. Sigma Planning Corp lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 3.9% during the 4th quarter. Sigma Planning Corp now owns 69,171 shares of the company’s stock worth $4,370,000 after purchasing an additional 2,625 shares during the last quarter. Reicon Wealth Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at $139,000. Axis Wealth Partners LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth about $210,000. Wealthfront Advisers LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 6.3% during the 4th quarter. Wealthfront Advisers LLC now owns 21,486 shares of the company’s stock worth $1,357,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Quadcap Wealth Management LLC increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.9% in the 4th quarter. Quadcap Wealth Management LLC now owns 1,210,372 shares of the company’s stock valued at $76,492,000 after acquiring an additional 22,834 shares during the last quarter.

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.