JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Reaches New 12-Month High – Should You Buy?

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $59.10 and last traded at $59.09, with a volume of 42322 shares trading hands. The stock had previously closed at $58.69.

JPMorgan US Quality Factor ETF Stock Up 0.4 %

The stock has a market capitalization of $4.77 billion, a PE ratio of 25.27 and a beta of 0.94. The stock has a fifty day moving average of $56.98 and a 200-day moving average of $54.51.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kathmere Capital Management LLC raised its stake in JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock valued at $3,168,000 after buying an additional 211 shares in the last quarter. Allworth Financial LP lifted its stake in JPMorgan US Quality Factor ETF by 5.6% during the third quarter. Allworth Financial LP now owns 4,830 shares of the company’s stock worth $273,000 after purchasing an additional 258 shares during the last quarter. Aveo Capital Partners LLC boosted its holdings in JPMorgan US Quality Factor ETF by 2.7% in the second quarter. Aveo Capital Partners LLC now owns 10,549 shares of the company’s stock valued at $559,000 after purchasing an additional 273 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its stake in JPMorgan US Quality Factor ETF by 145.5% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC raised its holdings in JPMorgan US Quality Factor ETF by 5.7% during the third quarter. Baker Tilly Wealth Management LLC now owns 6,379 shares of the company’s stock worth $361,000 after purchasing an additional 342 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.