Wealth Enhancement Trust Services Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,049 shares of the company’s stock, valued at approximately $753,000.
Other hedge funds also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $44,000. Smartleaf Asset Management LLC raised its position in 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 purchasing an additional 529 shares during the period. Abich Financial Wealth Management LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $51,000. Fifth Third Bancorp purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter worth about $55,000. Finally, Root Financial Partners LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter worth about $87,000.
JPMorgan U.S. Momentum Factor ETF Stock Performance
Shares of NYSEARCA JMOM opened at $74.98 on Monday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $51.93 and a 1 year high of $75.18. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 27.64 and a beta of 1.05. The stock’s 50-day simple moving average is $70.21 and its 200-day simple moving average is $69.23.
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.
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