Midwest Trust Co Makes New Investment in JPMorgan U.S. Momentum Factor ETF $JMOM

Midwest Trust Co acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,286 shares of the company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Federation des caisses Desjardins du Quebec purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth $39,000. Smartleaf Asset Management LLC grew its position in JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares during the period. Kestra Advisory Services LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at $53,000. National Bank of Canada FI purchased a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $98,000. Finally, Fifth Third Bancorp raised its position in shares of 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 worth $131,000 after acquiring an additional 1,125 shares during the period.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $83.31 on Wednesday. The firm has a 50-day simple moving average of $81.96 and a two-hundred day simple moving average of $74.64. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $63.29 and a fifty-two week high of $85.64. The company has a market cap of $2.49 billion, a P/E ratio of 27.64 and a beta of 1.06.

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.