JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sets 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 $68.76 and last traded at $68.59, with a volume of 101450 shares trading hands. The stock had previously closed at $68.01.

JPMorgan U.S. Quality Factor ETF Stock Performance

The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. The company has a 50 day moving average of $64.54 and a 200 day moving average of $63.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 13.4% during the 3rd quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock worth $24,242,000 after purchasing an additional 45,556 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 71.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 313,401 shares of the company’s stock worth $19,801,000 after purchasing an additional 131,103 shares in the last quarter. D.A. Davidson & CO. grew its stake in JPMorgan U.S. Quality Factor ETF by 13.6% during the 4th quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock worth $7,509,000 after purchasing an additional 14,215 shares in the last quarter. Breakwater Capital Group boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 11.4% during the 4th quarter. Breakwater Capital Group now owns 414,268 shares of the company’s stock worth $26,173,000 after acquiring an additional 42,271 shares in the last quarter. Finally, BridgePort Financial Solutions LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 30.0% during the 3rd quarter. BridgePort Financial Solutions LLC now owns 117,813 shares of the company’s stock worth $7,412,000 after acquiring an additional 27,177 shares in the last quarter.

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.