JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sets New 52-Week High – Still a Buy?

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUAGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $58.31 and last traded at $58.31, with a volume of 151 shares trading hands. The stock had previously closed at $57.66.

JPMorgan US Quality Factor ETF Stock Up 0.2 %

The stock’s 50-day moving average price is $55.45 and its 200 day moving average price is $53.36. The company has a market cap of $4.65 billion, a P/E ratio of 25.27 and a beta of 0.94.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JQUA. Global Retirement Partners LLC lifted its holdings in shares of JPMorgan US Quality Factor ETF by 10.4% during the third quarter. Global Retirement Partners LLC now owns 44,631 shares of the company’s stock worth $2,525,000 after buying an additional 4,202 shares during the last quarter. Nottingham Advisors Inc. bought a new position in JPMorgan US Quality Factor ETF during the third quarter worth $675,000. Cornerstone Wealth Management LLC raised its stake in JPMorgan US Quality Factor ETF by 6.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 104,539 shares of the company’s stock valued at $5,914,000 after purchasing an additional 5,930 shares during the last quarter. Tsfg LLC boosted its holdings in JPMorgan US Quality Factor ETF by 3.0% in the 3rd quarter. Tsfg LLC now owns 117,433 shares of the company’s stock valued at $6,643,000 after purchasing an additional 3,456 shares during the period. Finally, High Net Worth Advisory Group LLC bought a new stake in JPMorgan US Quality Factor ETF in the 3rd quarter valued at $526,000.

About JPMorgan US Quality Factor ETF

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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.

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