JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) shares hit a new 52-week high on Tuesday . The company traded as high as $70.37 and last traded at $70.26, with a volume of 11172 shares. The stock had previously closed at $69.73.

JPMorgan U.S. Quality Factor ETF Stock Up 1.1%

The firm has a market cap of $7.93 billion, a PE ratio of 23.86 and a beta of 0.90. The stock’s fifty day simple moving average is $64.82 and its two-hundred day simple moving average is $63.95.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 13.4% in the third quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock worth $24,242,000 after buying an additional 45,556 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 13.6% in the fourth quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock worth $7,509,000 after buying an additional 14,215 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 71.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 313,401 shares of the company’s stock worth $19,801,000 after buying an additional 131,103 shares in the last quarter. Breakwater Capital Group lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.4% in the fourth quarter. Breakwater Capital Group now owns 414,268 shares of the company’s stock worth $26,173,000 after buying an additional 42,271 shares in the last quarter. Finally, BridgePort Financial Solutions LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 30.0% in the third quarter. BridgePort Financial Solutions LLC now owns 117,813 shares of the company’s stock worth $7,412,000 after buying an additional 27,177 shares in 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.