JPMorgan U.S. Momentum Factor ETF $JMOM Position Lessened by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 24.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,631 shares of the company’s stock after selling 11,210 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $2,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec bought a new position in JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth about $39,000. Smartleaf Asset Management LLC boosted 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 buying an additional 529 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth approximately $53,000. National Bank of Canada FI bought a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth approximately $98,000. Finally, Fifth Third Bancorp increased its position in JPMorgan U.S. Momentum Factor ETF by 139.8% in the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after acquiring an additional 1,125 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $85.45 on Monday. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.10 and a 1-year high of $85.69. The business’s fifty day moving average price is $82.88 and its two-hundred day moving average price is $76.70. The company has a market capitalization of $2.65 billion, a P/E ratio of 27.64 and a beta of 1.06.

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.