JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Shares Break Above 200-Day Moving Average – Here’s What Happened

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $78.33 and traded as high as $80.29. JPMorgan U.S. Momentum Factor ETF shares last traded at $79.84, with a volume of 123,986 shares traded.

JPMorgan U.S. Momentum Factor ETF Price Performance

The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 24.41 and a beta of 1.06. The business’s 50 day moving average is $81.90 and its 200 day moving average is $78.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 95.6% in the 3rd quarter. Allworth Financial LP now owns 352 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. IFP Advisors Inc lifted its stake in JPMorgan U.S. Momentum Factor ETF by 45.4% during the third quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $94,000 after purchasing an additional 352 shares during the last quarter. Root Financial Partners LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the third quarter worth approximately $106,000. Fifth Third Bancorp boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 139.8% in the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Acropolis Investment Management LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $163,000.

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.