JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Shares Break Above 200-Day Moving Average – Here’s Why

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $78.33 and traded as high as $80.29. JPMorgan U.S. Momentum Factor ETF shares last traded at $79.84, with a volume of 123,986 shares traded.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The company has a market cap of $2.68 billion, a P/E ratio of 24.41 and a beta of 1.06. The stock has a 50-day moving average of $81.85 and a two-hundred day moving average of $78.38.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock valued at $443,000 after purchasing an additional 139 shares in the last quarter. Asempa Wealth Advisors grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% during the 3rd quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock valued at $696,000 after purchasing an additional 149 shares during the last quarter. Allworth Financial LP grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 95.6% during the 3rd quarter. Allworth Financial LP now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. TSA Wealth Managment LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 1.7% in the 3rd quarter. TSA Wealth Managment LLC now owns 12,928 shares of the company’s stock worth $1,078,000 after purchasing an additional 214 shares during the period. Finally, IFP Advisors Inc raised its position in JPMorgan U.S. Momentum Factor ETF by 45.4% in the 3rd quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $94,000 after purchasing an additional 352 shares during the period.

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.