JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s share price reached a new 52-week high on Monday . The company traded as high as $84.27 and last traded at $84.27, with a volume of 2417 shares. The stock had previously closed at $82.69.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The business’s fifty day moving average price is $77.46 and its two-hundred day moving average price is $72.30. The stock has a market capitalization of $2.42 billion, a P/E ratio of 27.64 and a beta of 1.07.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of large investors have recently made changes to their positions in JMOM. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 2.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after purchasing an additional 350,687 shares during the last quarter. Blue Trust Inc. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 1.8% during the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock valued at $323,805,000 after purchasing an additional 83,512 shares during the last quarter. Equitable Holdings Inc. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 11.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after purchasing an additional 112,669 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after purchasing an additional 898,573 shares during the last quarter. Finally, Shore Point Advisors LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 28.2% during the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after purchasing an additional 140,326 shares during the last quarter.

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.