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

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.68 and last traded at $72.26, with a volume of 293556 shares traded. The stock had previously closed at $72.06.

JPMorgan U.S. Quality Factor ETF Stock Performance

The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The business has a 50-day moving average of $71.23 and a 200-day moving average of $66.68.

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

A number of institutional investors have recently modified their holdings of the company. Cresset Asset Management LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 12.5% during the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after acquiring an additional 745 shares during the period. Qube Research & Technologies Ltd increased its stake in JPMorgan U.S. Quality Factor ETF by 16.2% during the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after purchasing an additional 541 shares during the period. Main Street Financial Solutions LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the second quarter worth about $1,062,000. Betterment LLC increased its stake in JPMorgan U.S. Quality Factor ETF by 49.2% during the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after purchasing an additional 2,875 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 23.1% in the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 shares during the period.

About JPMorgan U.S. Quality Factor ETF

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.