Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,956 shares of the company’s stock, valued at approximately $2,170,000. JPMorgan U.S. Momentum Factor ETF makes up 1.9% of Hershey Financial Advisers LLC’s holdings, making the stock its 14th largest holding. Hershey Financial Advisers LLC owned 0.11% of JPMorgan U.S. Momentum Factor ETF at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in JMOM. 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. Smartleaf Asset Management LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 334.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after purchasing an additional 529 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the 4th quarter worth about $53,000. National Bank of Canada FI acquired a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at about $98,000. Finally, Fifth Third Bancorp raised its stake in JPMorgan U.S. Momentum Factor ETF by 139.8% in the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after purchasing an additional 1,125 shares during the last quarter.
JPMorgan U.S. Momentum Factor ETF Trading Down 0.7%
NYSEARCA:JMOM opened at $81.10 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The company’s 50-day moving average is $82.15 and its two-hundred day moving average is $74.86. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $63.29 and a 12-month high of $85.64.
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.
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