Centennial Bank AR Reduces Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Centennial Bank AR trimmed its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,433 shares of the company’s stock after selling 8,643 shares during the quarter. JPMorgan U.S. Momentum Factor ETF makes up 1.0% of Centennial Bank AR’s holdings, making the stock its 28th biggest position. Centennial Bank AR owned approximately 0.13% of JPMorgan U.S. Momentum Factor ETF worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asempa Wealth Advisors purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at approximately $515,000. Shore Point Advisors LLC lifted its stake in shares of 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 buying an additional 140,326 shares in the last quarter. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at approximately $753,000. Palumbo Wealth Management LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter valued at approximately $1,360,000. Finally, CWM LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 98.5% during the 4th quarter. CWM LLC now owns 125,799 shares of the company’s stock valued at $8,573,000 after buying an additional 62,412 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.5%

Shares of JMOM stock opened at $82.88 on Thursday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 27.64 and a beta of 1.07. The firm’s 50 day moving average is $78.32 and its 200 day moving average is $72.63. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $61.37 and a 12 month high of $84.78.

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.