JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 116,015 shares, a decrease of 64.9% from the July 30th total of 330,900 shares. Based on an average daily volume of 589,145 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
JPMorgan U.S. Quality Factor ETF Stock Down 0.5%
Shares of JPMorgan U.S. Quality Factor ETF stock traded down $0.35 on Friday, hitting $74.89. 365,688 shares of the company’s stock traded hands, compared to its average volume of 725,712. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.70 and a 52-week high of $75.64. The stock has a market cap of $8.52 billion, a P/E ratio of 23.86 and a beta of 0.90. The firm’s 50-day moving average is $72.88 and its 200 day moving average is $68.28.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. World Investment Advisors raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.9% in the 1st quarter. World Investment Advisors now owns 8,608 shares of the company’s stock valued at $528,000 after purchasing an additional 160 shares in the last quarter. Florida Financial Advisors LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 1.0% in the fourth quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock worth $1,048,000 after purchasing an additional 161 shares in the last quarter. Axis Wealth Partners LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 4.9% in the first quarter. Axis Wealth Partners LLC now owns 3,493 shares of the company’s stock worth $214,000 after purchasing an additional 164 shares in the last quarter. Fiduciary Alliance LLC grew its stake in JPMorgan U.S. Quality Factor ETF by 0.3% in the first quarter. Fiduciary Alliance LLC now owns 54,709 shares of the company’s stock worth $3,529,000 after purchasing an additional 186 shares in the last quarter. Finally, Wilkerson Advisory Group LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 2.3% in the first quarter. Wilkerson Advisory Group LLC now owns 8,342 shares of the company’s stock valued at $512,000 after buying an additional 187 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.
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