Vise Technologies Inc. raised its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 189.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,358 shares of the company’s stock after purchasing an additional 34,937 shares during the period. Vise Technologies Inc.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $3,636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 worth $44,000 after acquiring an additional 529 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter worth approximately $51,000. Fifth Third Bancorp purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter worth approximately $55,000. National Bank of Canada FI bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $98,000. Finally, Thoroughbred Financial Services LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $200,000.
JPMorgan U.S. Momentum Factor ETF Stock Performance
NYSEARCA JMOM opened at $80.21 on Friday. The firm’s 50 day moving average price is $76.06 and its 200-day moving average price is $71.73. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $61.33 and a 52-week high of $83.83. The company has a market cap of $2.30 billion, a PE ratio of 27.64 and a beta of 1.07.
JPMorgan U.S. Momentum Factor ETF 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.
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Want to see what other hedge funds are holding JMOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report).
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