Palumbo Wealth Management LLC Makes New $1.36 Million Investment in JPMorgan U.S. Momentum Factor ETF $JMOM

Palumbo Wealth Management LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,949 shares of the company’s stock, valued at approximately $1,360,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ascent Group LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at about $206,000. Blue Trust Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% during the 4th quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after acquiring an additional 395,006 shares during the last quarter. Professional Financial Advisors LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.9% during the 4th quarter. Professional Financial Advisors LLC now owns 20,978 shares of the company’s stock valued at $1,430,000 after acquiring an additional 588 shares during the last quarter. Nova R Wealth Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.8% during the 4th quarter. Nova R Wealth Inc. now owns 154,673 shares of the company’s stock valued at $10,541,000 after acquiring an additional 4,205 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.7% during the 4th quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock valued at $591,000 after acquiring an additional 229 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.0%

Shares of JMOM stock opened at $69.44 on Wednesday. The company’s 50-day moving average price is $69.75 and its 200-day moving average price is $68.93. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 27.64 and a beta of 1.05. JPMorgan U.S. Momentum Factor ETF has a twelve month low of $49.76 and a twelve month high of $71.65.

JPMorgan U.S. Momentum Factor ETF Company 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.