JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 52-Week High – Time to Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high during trading on Wednesday . The company traded as high as $69.59 and last traded at $69.42, with a volume of 48044 shares trading hands. The stock had previously closed at $68.88.

JPMorgan U.S. Momentum Factor ETF Price Performance

The stock has a market capitalization of $1.74 billion, a PE ratio of 27.64 and a beta of 1.04. The firm’s 50 day simple moving average is $67.93 and its 200 day simple moving average is $65.69.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at about $38,000. Hazlett Burt & Watson Inc. purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth about $44,000. Smartleaf Asset Management LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after acquiring an additional 529 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at about $51,000. Finally, Fifth Third Bancorp bought a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $55,000.

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.