JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Strong Trading Volume – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares saw an uptick in trading volume on Wednesday . 452,572 shares were traded during mid-day trading, an increase of 275% from the previous session’s volume of 120,600 shares.The stock last traded at $69.78 and had previously closed at $69.42.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The company’s 50 day moving average is $68.65 and its 200 day moving average is $67.19. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan U.S. Momentum Factor ETF by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after acquiring an additional 350,687 shares during the period. Blue Trust Inc. grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% during the 4th quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock worth $319,210,000 after purchasing an additional 395,006 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 8.0% during the third quarter. Equitable Holdings Inc. now owns 996,581 shares of the company’s stock valued at $67,671,000 after purchasing an additional 73,748 shares during the period. JPMorgan Chase & Co. raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 62.7% in the second quarter. JPMorgan Chase & Co. now owns 740,661 shares of the company’s stock valued at $47,617,000 after purchasing an additional 285,477 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC lifted its position in JPMorgan U.S. Momentum Factor ETF by 0.7% in the third quarter. Klaas Financial Asset Advisors LLC now owns 434,635 shares of the company’s stock worth $29,513,000 after purchasing an additional 2,832 shares during the period.

JPMorgan U.S. Momentum Factor ETF Company Profile

The JPMorgan U.S. Momentum Factor ETF (JMOM) is an exchange-traded fund that is based on the JP Morgan US Momentum Factor index. The fund tracks an index of US large-cap companies with strong momentum, weighted by optimized market-cap. JMOM was launched on Nov 8, 2017 and is managed by JPMorgan Chase.