JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Strong Trading Volume – What’s Next?

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 average daily 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 company’s fifty day moving average price is $74.72 and its 200 day moving average price is $69.18. The company has a market cap of $9.44 billion, a PE ratio of 23.86 and a beta of 0.90.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morey & Quinn Wealth Partners LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 3.8% in the third quarter. Morey & Quinn Wealth Partners LLC now owns 4,314 shares of the company’s stock valued at $318,000 after acquiring an additional 159 shares in the last quarter. World Investment Advisors boosted its position in JPMorgan U.S. Quality Factor ETF by 1.9% in the first quarter. World Investment Advisors now owns 8,608 shares of the company’s stock worth $528,000 after purchasing an additional 160 shares during the last quarter. Axis Wealth Partners LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 4.9% in the first quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after purchasing an additional 164 shares during the last quarter. Wilkerson Advisory Group LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 2.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 8,342 shares of the company’s stock valued at $512,000 after purchasing an additional 187 shares during the period. Finally, Illumine Investment Management LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 1.2% during the 1st quarter. Illumine Investment Management LLC now owns 20,480 shares of the company’s stock valued at $1,256,000 after purchasing an additional 245 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.