JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 12-Month High – What’s Next?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOMGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $79.86 and last traded at $79.78, with a volume of 69150 shares. The stock had previously closed at $79.11.

JPMorgan U.S. Momentum Factor ETF Price Performance

The company has a 50-day moving average price of $72.13 and a 200-day moving average price of $70.26. The firm has a market capitalization of $2.28 billion, a PE ratio of 27.64 and a beta of 1.06.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at $39,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $44,000. Smartleaf Asset Management LLC increased its stake 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 last quarter. Abich Financial Wealth Management LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $51,000. Finally, Kestra Advisory Services LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at $53,000.

About JPMorgan U.S. Momentum Factor ETF

(Get Free Report)

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.

Further Reading

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