Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $84.85 and last traded at $84.85, with a volume of 1399 shares. The stock had previously closed at $82.88.
JPMorgan U.S. Momentum Factor ETF Stock Performance
The firm’s 50-day moving average price is $79.35 and its two-hundred day moving average price is $73.07. The firm has a market cap of $2.37 billion, a PE ratio of 27.64 and a beta of 1.07.
Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock worth $61,615,000 after buying an additional 898,573 shares during the period. Blue Trust Inc. boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% in the fourth quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after acquiring an additional 395,006 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock worth $860,360,000 after acquiring an additional 350,687 shares during the last quarter. Shore Point Advisors LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% during the fourth quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock worth $43,419,000 after acquiring an additional 140,326 shares during the last quarter. Finally, Equitable Holdings Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after acquiring an additional 112,669 shares during the last quarter.
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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