Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.78 and last traded at $71.62, with a volume of 15932 shares changing hands. The stock had previously closed at $69.44.
JPMorgan U.S. Momentum Factor ETF Stock Up 2.9%
The company’s fifty day moving average price is $69.75 and its 200-day moving average price is $68.93. The stock has a market capitalization of $2.01 billion, a PE ratio of 27.64 and a beta of 1.05.
Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $39,000. Hazlett Burt & Watson Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after acquiring an additional 529 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $51,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $53,000.
About JPMorgan U.S. Momentum Factor ETF
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.
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