JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 52-Week High – Here’s What Happened

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $71.24 and last traded at $71.25, with a volume of 18973 shares trading hands. The stock had previously closed at $70.53.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.3%

The company has a market capitalization of $1.95 billion, a PE ratio of 27.64 and a beta of 1.04. The business has a fifty day moving average of $69.59 and a 200 day moving average of $67.84.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $44,000. Smartleaf Asset Management LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after acquiring an additional 529 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $51,000. Fifth Third Bancorp acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth $55,000. Finally, Root Financial Partners LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth about $87,000.

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.