JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Strong Trading Volume – Here’s Why

Shares of JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) saw strong trading volume on Monday. Approximately 917,047 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 722,186 shares. The stock last traded at $76.2010 and had previously closed at $75.92.

JPMorgan U.S. Quality Factor ETF Stock Up 0.5%

The stock’s fifty day moving average is $74.65 and its two-hundred day moving average is $71.62. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $29,000. Pinnacle Bancorp Inc. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $40,000. Root Financial Partners LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $60,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $67,000. Finally, CoreCap Advisors LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter valued at about $77,000.

About JPMorgan U.S. Quality Factor ETF

(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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