JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 12-Month High – Here’s What Happened

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s share price hit a new 52-week high on Thursday . The stock traded as high as $82.19 and last traded at $81.49, with a volume of 130774 shares. The stock had previously closed at $81.88.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The firm’s fifty day simple moving average is $74.14 and its 200 day simple moving average is $71.05. The firm has a market cap of $2.33 billion, a P/E ratio of 27.64 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gallacher Capital Management LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 0.9% during the 4th quarter. Gallacher Capital Management LLC now owns 15,717 shares of the company’s stock valued at $1,071,000 after purchasing an additional 146 shares during the last quarter. Castleview Partners LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 3.7% during the 1st quarter. Castleview Partners LLC now owns 4,960 shares of the company’s stock valued at $337,000 after purchasing an additional 175 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings 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 purchasing an additional 229 shares during the last quarter. Detalus Advisors LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 6.7% during the 4th quarter. Detalus Advisors LLC now owns 3,946 shares of the company’s stock valued at $269,000 after purchasing an additional 248 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock valued at $979,000 after purchasing an additional 251 shares during the last quarter.

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.