36,993 Shares in JPMorgan U.S. Momentum Factor ETF $JMOM Acquired by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,993 shares of the company’s stock, valued at approximately $2,512,000.

Several other large investors have also recently made changes to their positions in JMOM. Smartleaf Asset Management LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after purchasing an additional 529 shares during the last quarter. Root Financial Partners LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter worth about $87,000. Ameritas Advisory Services LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the second quarter worth about $177,000. AWM Capital LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the second quarter valued at about $221,000. Finally, MGO One Seven LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 2nd quarter valued at about $224,000.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.1%

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $70.36 on Friday. The company has a market cap of $1.83 billion, a P/E ratio of 27.64 and a beta of 1.04. The firm’s 50 day moving average price is $68.74 and its 200-day moving average price is $67.23. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $48.68 and a 52-week high of $70.95.

JPMorgan U.S. Momentum Factor ETF 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.