JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Hits New 1-Year High – Here’s Why

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.31 and last traded at $58.31, with a volume of 151 shares. The stock had previously closed at $57.66.

JPMorgan US Quality Factor ETF Stock Performance

The company’s fifty day simple moving average is $55.45 and its two-hundred day simple moving average is $53.36. The stock has a market capitalization of $4.65 billion, a P/E ratio of 25.27 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. raised its stake in JPMorgan US Quality Factor ETF by 12.3% during the first quarter. NBC Securities Inc. now owns 5,253 shares of the company’s stock worth $277,000 after acquiring an additional 575 shares in the last quarter. Daymark Wealth Partners LLC increased its position in JPMorgan US Quality Factor ETF by 32.7% during the 1st quarter. Daymark Wealth Partners LLC now owns 243,745 shares of the company’s stock worth $12,887,000 after purchasing an additional 60,110 shares in the last quarter. RFG Advisory LLC boosted its position in JPMorgan US Quality Factor ETF by 261.9% in the first quarter. RFG Advisory LLC now owns 18,037 shares of the company’s stock valued at $954,000 after buying an additional 13,053 shares in the last quarter. Clarus Wealth Advisors bought a new stake in shares of JPMorgan US Quality Factor ETF during the first quarter worth $2,808,000. Finally, Salem Investment Counselors Inc. increased its holdings in shares of JPMorgan US Quality Factor ETF by 37.0% during the first quarter. Salem Investment Counselors Inc. now owns 9,889 shares of the company’s stock worth $523,000 after buying an additional 2,670 shares in the last quarter.

About JPMorgan US 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.