Kathmere Capital Management LLC reduced its position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,657 shares of the company’s stock after selling 2,542 shares during the quarter. Kathmere Capital Management LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $3,593,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in JMOM. Delos Wealth Advisors LLC grew its holdings in shares of JPMorgan US Momentum Factor ETF by 11.0% during the second quarter. Delos Wealth Advisors LLC now owns 39,205 shares of the company’s stock worth $2,101,000 after purchasing an additional 3,896 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in JPMorgan US Momentum Factor ETF during the second quarter valued at approximately $756,000. Magnolia Capital Advisors LLC grew its stake in JPMorgan US Momentum Factor ETF by 1.4% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 92,629 shares of the company’s stock worth $4,965,000 after buying an additional 1,249 shares in the last quarter. 3Chopt Investment Partners LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 2nd quarter worth $544,000. Finally, Cetera Investment Advisers raised its position in shares of JPMorgan US Momentum Factor ETF by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock valued at $2,125,000 after buying an additional 2,194 shares in the last quarter.
JPMorgan US Momentum Factor ETF Stock Performance
NYSEARCA JMOM opened at $58.87 on Wednesday. The company has a market capitalization of $1.02 billion, a P/E ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 52-week low of $45.48 and a 52-week high of $62.20. The company has a fifty day moving average of $60.05 and a 200-day moving average of $57.04.
JPMorgan US Momentum Factor ETF 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.
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