JPMorgan U.S. Momentum Factor ETF $JMOM Stock Sold by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC lowered its holdings in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,775 shares of the company’s stock after selling 10,670 shares during the period. JPMorgan U.S. Momentum Factor ETF comprises 2.0% of ARQ Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. ARQ Wealth Advisors LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $16,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Securities Inc. purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth approximately $4,755,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $2,170,000. Lodestar Private Asset Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth about $2,380,000. Fifth Third Wealth Advisors LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 58.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 69,968 shares of the company’s stock valued at $5,832,000 after acquiring an additional 25,762 shares during the last quarter. Finally, Contango Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter valued at about $1,356,000.

JPMorgan U.S. Momentum Factor ETF Trading Down 3.2%

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $79.52 on Friday. The firm has a fifty day simple moving average of $82.68 and a 200-day simple moving average of $78.03. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.82 and a 1-year high of $86.07.

JPMorgan U.S. Momentum Factor ETF 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.