Brookwood Investment Group LLC Boosts Stock Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Brookwood Investment Group LLC raised its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,745 shares of the company’s stock after purchasing an additional 371 shares during the period. Brookwood Investment Group LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in JPMorgan U.S. Momentum Factor ETF by 3.8% in the second quarter. Blue Trust Inc. now owns 4,298,078 shares of the company’s stock valued at $276,323,000 after purchasing an additional 156,450 shares during the last quarter. Klaas Financial Asset Advisors LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 1.7% in the second quarter. Klaas Financial Asset Advisors LLC now owns 431,803 shares of the company’s stock valued at $27,761,000 after purchasing an additional 7,147 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 7.0% in the first quarter. Integrated Wealth Concepts LLC now owns 186,912 shares of the company’s stock valued at $10,534,000 after purchasing an additional 12,275 shares during the last quarter. Vident Advisory LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 4.3% in the first quarter. Vident Advisory LLC now owns 183,676 shares of the company’s stock valued at $10,353,000 after purchasing an additional 7,565 shares during the last quarter. Finally, Systelligence LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the second quarter valued at about $9,583,000.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM opened at $69.40 on Tuesday. The business’s 50-day moving average is $67.04 and its two-hundred day moving average is $63.35. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $48.68 and a 1 year high of $69.41. The firm has a market capitalization of $1.74 billion, a PE ratio of 27.64 and a beta of 1.04.

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.