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

by · The Cerbat Gem

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.88 and last traded at $72.79, with a volume of 532830 shares. The stock had previously closed at $72.22.

JPMorgan U.S. Quality Factor ETF Stock Performance

The firm has a market cap of $8.43 billion, a P/E ratio of 23.86 and a beta of 0.90. The firm has a 50 day simple moving average of $71.62 and a 200 day simple moving average of $67.04.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Large investors have recently modified their holdings of the company. Cresset Asset Management LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 12.5% during the second 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 in the last quarter. Qube Research & Technologies Ltd increased its holdings in JPMorgan U.S. Quality Factor ETF by 16.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after acquiring an additional 541 shares during the period. Main Street Financial Solutions LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 2nd quarter worth approximately $1,062,000. Betterment LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 49.2% in the 2nd quarter. Betterment LLC now owns 8,721 shares of the company’s stock worth $524,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in JPMorgan U.S. Quality Factor ETF by 23.1% in the 2nd 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.

JPMorgan U.S. Quality Factor ETF Company Profile

(Get Free Report)

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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