JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sees Unusually-High Trading Volume

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) saw unusually-high trading volume on Wednesday . Approximately 1,998,365 shares changed hands during trading, an increase of 267% from the previous session’s volume of 543,834 shares.The stock last traded at $54.04 and had previously closed at $54.54.

JPMorgan US Quality Factor ETF Stock Performance

The stock’s 50 day simple moving average is $53.94 and its 200 day simple moving average is $52.64. The firm has a market cap of $4.50 billion, a PE ratio of 25.27 and a beta of 0.94.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Several hedge funds have recently added to or reduced their stakes in JQUA. Kathmere Capital Management LLC lifted its stake in JPMorgan US Quality Factor ETF by 0.4% in the second quarter. Kathmere Capital Management LLC now owns 59,836 shares of the company’s stock worth $3,168,000 after purchasing an additional 211 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in shares of JPMorgan US Quality Factor ETF by 2.7% in the 2nd quarter. Aveo Capital Partners LLC now owns 10,549 shares of the company’s stock valued at $559,000 after acquiring an additional 273 shares during the last quarter. Koesten Hirschmann & Crabtree INC. boosted its holdings in JPMorgan US Quality Factor ETF by 145.5% during the 1st quarter. Koesten Hirschmann & Crabtree INC. now owns 540 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares during the period. Gallacher Capital Management LLC grew its position in JPMorgan US Quality Factor ETF by 0.6% during the 1st quarter. Gallacher Capital Management LLC now owns 66,129 shares of the company’s stock worth $3,496,000 after acquiring an additional 388 shares during the last quarter. Finally, 3Chopt Investment Partners LLC increased its stake in JPMorgan US Quality Factor ETF by 2.6% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 15,486 shares of the company’s stock worth $820,000 after purchasing an additional 392 shares during the period.

JPMorgan US Quality Factor ETF Company Profile

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.