JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan US Quality Factor ETF (NYSEARCA:JQUA) saw unusually-strong trading volume on Monday . Approximately 1,470,201 shares changed hands during mid-day trading, an increase of 175% from the previous session’s volume of 534,523 shares.The stock last traded at $59.69 and had previously closed at $59.18.

JPMorgan US Quality Factor ETF Stock Performance

The stock has a market capitalization of $4.82 billion, a PE ratio of 25.27 and a beta of 0.94. The business’s 50-day moving average is $57.20 and its two-hundred day moving average is $54.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JQUA. Levy Wealth Management Group LLC boosted its holdings in JPMorgan US Quality Factor ETF by 15.6% in the 2nd quarter. Levy Wealth Management Group LLC now owns 634,321 shares of the company’s stock valued at $33,587,000 after purchasing an additional 85,617 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of JPMorgan US Quality Factor ETF by 29.9% in the second quarter. Atria Wealth Solutions Inc. now owns 17,047 shares of the company’s stock valued at $903,000 after buying an additional 3,925 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in JPMorgan US Quality Factor ETF by 1.1% during the third quarter. Onyx Bridge Wealth Group LLC now owns 109,361 shares of the company’s stock worth $6,187,000 after acquiring an additional 1,210 shares during the period. Sequoia Financial Advisors LLC purchased a new position in JPMorgan US Quality Factor ETF in the third quarter worth $2,278,000. Finally, D Orazio & Associates Inc. lifted its holdings in JPMorgan US Quality Factor ETF by 58.8% in the second quarter. D Orazio & Associates Inc. now owns 170,986 shares of the company’s stock valued at $9,054,000 after acquiring an additional 63,282 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.