JPMorgan U.S. Momentum Factor ETF $JMOM Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lessened its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,821 shares of the company’s stock after selling 243 shares during the period. Belpointe Asset Management LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $760,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 15.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,633,460 shares of the company’s stock valued at $655,662,000 after acquiring an additional 1,529,605 shares during the period. Blue Trust Inc. increased its position in JPMorgan U.S. Momentum Factor ETF by 3.8% in the 1st quarter. Blue Trust Inc. now owns 4,141,628 shares of the company’s stock valued at $233,422,000 after acquiring an additional 153,337 shares during the period. Klaas Financial Asset Advisors LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 1.7% in the 2nd quarter. Klaas Financial Asset Advisors LLC now owns 431,803 shares of the company’s stock valued at $27,761,000 after acquiring an additional 7,147 shares during the period. Silver Oak Securities Incorporated acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $20,444,000. Finally, Integrated Wealth Concepts LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 7.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 186,912 shares of the company’s stock worth $10,534,000 after purchasing an additional 12,275 shares during the period.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.9%

NYSEARCA JMOM opened at $68.21 on Thursday. The business’s 50 day moving average is $66.27 and its two-hundred day moving average is $62.09. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $68.47. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 27.64 and a beta of 1.00.

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.