Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) saw strong trading volume on Wednesday . Approximately 237,620 shares changed hands during trading, an increase of 105% from the previous session’s volume of 116,065 shares.The stock last traded at $81.81 and had previously closed at $81.61.
JPMorgan U.S. Momentum Factor ETF Stock Performance
The stock’s 50-day moving average price is $82.95 and its two-hundred day moving average price is $77.77. The stock has a market capitalization of $2.53 billion, a PE ratio of 27.64 and a beta of 1.06.
Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF
A number of institutional investors and hedge funds have recently made changes to their positions in JMOM. Federation des caisses Desjardins du Quebec purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $39,000. Smartleaf Asset Management LLC increased its holdings in 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 worth $44,000 after buying an additional 529 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $53,000. National Bank of Canada FI bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at $98,000. Finally, Fifth Third Bancorp lifted 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 acquiring an additional 1,125 shares during the period.
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.
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