Signature Estate & Investment Advisors LLC Sells 68,561 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM

Signature Estate & Investment Advisors LLC decreased its stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 72.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,743 shares of the company’s stock after selling 68,561 shares during the quarter. Signature Estate & Investment Advisors LLC owned about 0.10% of JPMorgan U.S. Momentum Factor ETF worth $1,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JMOM. Farther Finance Advisors LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,677 shares of the company’s stock worth $95,000 after buying an additional 505 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 23.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,621 shares of the company’s stock worth $373,000 after buying an additional 1,269 shares in the last quarter. Palumbo Wealth Management LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 5.6% in the 1st quarter. Palumbo Wealth Management LLC now owns 13,068 shares of the company’s stock worth $737,000 after buying an additional 695 shares in the last quarter. 5T Wealth LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 179.6% in the 1st quarter. 5T Wealth LLC now owns 27,203 shares of the company’s stock worth $1,533,000 after buying an additional 17,475 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.1% in the 1st quarter. Professional Financial Advisors LLC now owns 21,252 shares of the company’s stock worth $1,198,000 after buying an additional 435 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.3%

Shares of NYSEARCA:JMOM opened at $67.38 on Monday. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $48.68 and a 52 week high of $68.47. The stock has a market capitalization of $1.68 billion, a P/E ratio of 27.64 and a beta of 1.00. The firm has a fifty day simple moving average of $66.65 and a two-hundred day simple moving average of $62.67.

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.