JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Reaches New 12-Month 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 $66.10 and last traded at $65.52, with a volume of 569098 shares changing hands. The stock had previously closed at $65.74.

JPMorgan U.S. Quality Factor ETF Trading Down 0.3%

The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The company has a 50-day moving average of $63.16 and a 200-day moving average of $63.19.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Florida Financial Advisors LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 1.0% during the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock worth $1,048,000 after buying an additional 161 shares during the last quarter. Fiduciary Alliance LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 0.3% during the 1st quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock worth $3,529,000 after buying an additional 186 shares during the last quarter. Beacon Bridge Wealth Partners LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 1.5% during the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 13,039 shares of the company’s stock worth $820,000 after buying an additional 190 shares during the last quarter. Financial Network Wealth Advisors LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 3.7% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock worth $351,000 after buying an additional 198 shares during the last quarter. Finally, Redwood Financial Network Corp grew its stake in JPMorgan U.S. Quality Factor ETF by 5.7% during the 2nd quarter. Redwood Financial Network Corp now owns 4,263 shares of the company’s stock worth $256,000 after buying an additional 228 shares during 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.