Legacy Wealth Managment LLC ID Takes Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Legacy Wealth Managment LLC ID acquired a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,564 shares of the company’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JMOM. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 15.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,633,460 shares of the company’s stock valued at $655,662,000 after acquiring an additional 1,529,605 shares during the period. Silver Oak Securities Incorporated bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at about $20,444,000. Blue Trust Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 3.8% in the 1st quarter. Blue Trust Inc. now owns 4,141,628 shares of the company’s stock valued at $233,422,000 after acquiring an additional 153,337 shares during the period. Kelly Financial Group LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 547.0% in the 1st quarter. Kelly Financial Group LLC now owns 43,049 shares of the company’s stock valued at $2,426,000 after acquiring an additional 36,395 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $2,020,000.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.2%

JMOM opened at $66.09 on Friday. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $66.45. The stock’s fifty day simple moving average is $64.79 and its 200 day simple moving average is $60.58. The stock has a market cap of $1.62 billion, a PE ratio of 27.64 and a beta of 1.00.

JPMorgan U.S. 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.