JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sees Large Volume Increase – Still a Buy?

Shares of JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) saw unusually-high trading volume on Friday . Approximately 872,174 shares traded hands during trading, an increase of 84% from the previous session’s volume of 474,947 shares.The stock last traded at $58.58 and had previously closed at $58.17.

JPMorgan US Quality Factor ETF Trading Up 0.6 %

The firm has a market capitalization of $4.73 billion, a P/E ratio of 25.27 and a beta of 0.94. The firm has a 50 day moving average price of $58.46 and a 200-day moving average price of $56.30.

Institutional Investors Weigh In On JPMorgan US Quality Factor ETF

Institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $44,000. Abound Wealth Management bought a new stake in shares of JPMorgan US Quality Factor ETF in the 4th quarter valued at approximately $55,000. Fortitude Family Office LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 3rd quarter valued at approximately $68,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of JPMorgan US Quality Factor ETF in the 2nd quarter valued at approximately $109,000.

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.