Fifth Third Securities Inc. purchased a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 57,043 shares of the company’s stock, valued at approximately $4,755,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in JPMorgan U.S. Momentum Factor ETF by 45.4% during the third quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock valued at $94,000 after acquiring an additional 352 shares during the last quarter. Fifth Third Bancorp grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 139.8% during the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after buying an additional 1,125 shares during the period. Acropolis Investment Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $163,000. Florida Financial Advisors LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the first quarter valued at about $209,000. Finally, First Heartland Consultants Inc. bought a new stake in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at about $213,000.
JPMorgan U.S. Momentum Factor ETF Stock Performance
JPMorgan U.S. Momentum Factor ETF stock traded up $0.93 during mid-day trading on Wednesday, reaching $81.83. The stock had a trading volume of 35,791 shares, compared to its average volume of 120,514. The firm has a market capitalization of $2.72 billion, a PE ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $64.82 and a fifty-two week high of $86.07. The stock’s 50-day simple moving average is $83.23 and its 200-day simple moving average is $81.10.
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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