JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Stake Lowered by Shore Point Advisors LLC

Shore Point Advisors LLC decreased its holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 499,074 shares of the company’s stock after selling 3,109 shares during the quarter. JPMorgan US Momentum Factor ETF accounts for approximately 15.6% of Shore Point Advisors LLC’s holdings, making the stock its biggest position. Shore Point Advisors LLC owned approximately 2.89% of JPMorgan US Momentum Factor ETF worth $29,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMOM. Assetmark Inc. purchased a new stake in JPMorgan US Momentum Factor ETF in the 3rd quarter worth $32,000. Good Life Advisors LLC bought a new position in JPMorgan US Momentum Factor ETF in the third quarter worth approximately $204,000. Dynamic Advisor Solutions LLC bought a new position in JPMorgan US Momentum Factor ETF during the 3rd quarter worth about $240,000. Creative Planning increased its holdings in shares of JPMorgan US Momentum Factor ETF by 6.1% in the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after acquiring an additional 272 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter worth approximately $335,000.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of JMOM stock opened at $60.67 on Monday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. The stock’s 50-day simple moving average is $60.05 and its 200-day simple moving average is $57.17. JPMorgan US Momentum Factor ETF has a fifty-two week low of $45.74 and a fifty-two week high of $62.20.

About JPMorgan US 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.