JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares saw unusually-high trading volume on Friday . Approximately 151,112 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 67,493 shares.The stock last traded at $56.42 and had previously closed at $57.08.

JPMorgan US Momentum Factor ETF Stock Performance

The stock has a market capitalization of $1.28 billion, a PE ratio of 26.13 and a beta of 1.05. The firm’s 50 day moving average is $59.80 and its two-hundred day moving average is $59.10.

JPMorgan US Momentum Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.1127 per share. This is a boost from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of JPMorgan US Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at about $71,000. AWM Capital LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $201,000. OLD Mission Capital LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the fourth quarter worth approximately $213,000. Ameriflex Group Inc. acquired a new stake in shares of JPMorgan US Momentum Factor ETF during the fourth quarter worth $240,000. Finally, VisionPoint Advisory Group LLC purchased a new position in JPMorgan US Momentum Factor ETF in the 4th quarter valued at $281,000.

JPMorgan US 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.