Wealthfront Advisers LLC Boosts Stock Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Wealthfront Advisers LLC lifted its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,347 shares of the company’s stock after buying an additional 1,513 shares during the quarter. Wealthfront Advisers LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $1,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ROSS JOHNSON & Associates LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $38,000. Larson Financial Group LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $587,000. Nova R Wealth Inc. raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 5.0% in the 2nd quarter. Nova R Wealth Inc. now owns 148,113 shares of the company’s stock valued at $9,522,000 after buying an additional 7,044 shares during the period. Blue Oak Capital LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 64.5% in the 1st quarter. Blue Oak Capital LLC now owns 22,550 shares of the company’s stock valued at $1,271,000 after buying an additional 8,839 shares during the period. Finally, Ameriflex Group Inc. raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 15.9% in the 2nd quarter. Ameriflex Group Inc. now owns 6,115 shares of the company’s stock valued at $388,000 after buying an additional 839 shares during the period.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.8%

JMOM stock opened at $68.47 on Friday. The company has a market capitalization of $1.72 billion, a PE ratio of 27.64 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $69.43. The business’s fifty day moving average price is $67.29 and its 200 day moving average price is $63.60.

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.