Cassia Capital Partners LLC Increases Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Cassia Capital Partners LLC boosted its holdings in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,476 shares of the company’s stock after purchasing an additional 11,610 shares during the quarter. JPMorgan U.S. Momentum Factor ETF makes up about 4.9% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 7th largest holding. Cassia Capital Partners LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $9,609,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JMOM. Asempa Wealth Advisors bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth about $515,000. Shore Point Advisors LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% in the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after buying an additional 140,326 shares during the period. Wealth Enhancement Trust Services Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at about $753,000. Palumbo Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at about $1,360,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock worth $61,615,000 after acquiring an additional 898,573 shares during the period.

JPMorgan U.S. Momentum Factor ETF Stock Down 1.4%

Shares of NYSEARCA JMOM opened at $84.27 on Thursday. The firm’s 50-day moving average price is $80.55 and its two-hundred day moving average price is $73.70. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $63.29 and a 52-week high of $85.64. The stock has a market capitalization of $2.52 billion, a P/E ratio of 27.64 and a beta of 1.06.

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.