JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Hits New 1-Year Low – Should You Sell?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $48.68 and last traded at $50.37, with a volume of 183226 shares changing hands. The stock had previously closed at $51.00.

JPMorgan US Momentum Factor ETF Price Performance

The company has a market cap of $1.26 billion, a P/E ratio of 26.13 and a beta of 1.05. The company’s 50-day moving average is $58.18 and its two-hundred day moving average is $58.99.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JMOM. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan US Momentum Factor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock worth $5,408,000 after buying an additional 241 shares during the last quarter. 17 Capital Partners LLC grew its stake in shares of JPMorgan US Momentum Factor ETF by 8.6% during the 4th quarter. 17 Capital Partners LLC now owns 8,513 shares of the company’s stock valued at $496,000 after purchasing an additional 677 shares during the period. World Investment Advisors increased its position in shares of JPMorgan US Momentum Factor ETF by 9.8% during the 4th quarter. World Investment Advisors now owns 7,706 shares of the company’s stock valued at $449,000 after purchasing an additional 685 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of JPMorgan US Momentum Factor ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 59,207 shares of the company’s stock worth $3,450,000 after purchasing an additional 894 shares during the period. Finally, Palumbo Wealth Management LLC boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 9.6% in the fourth quarter. Palumbo Wealth Management LLC now owns 12,373 shares of the company’s stock worth $721,000 after buying an additional 1,082 shares during the last quarter.

JPMorgan US 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.