JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 52-Week High – Time to Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.79 and last traded at $72.78, with a volume of 52913 shares trading hands. The stock had previously closed at $71.75.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The stock has a market cap of $2.06 billion, a P/E ratio of 27.64 and a beta of 1.05. The business has a 50 day simple moving average of $69.86 and a 200-day simple moving average of $69.05.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after purchasing an additional 350,687 shares during the period. Blue Trust Inc. grew its stake in JPMorgan U.S. Momentum Factor ETF by 9.2% in the 4th quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after purchasing an additional 395,006 shares during the period. Equitable Holdings Inc. grew its stake in JPMorgan U.S. Momentum Factor ETF by 11.3% in the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after purchasing an additional 112,669 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after purchasing an additional 898,573 shares during the period. Finally, Shore Point Advisors LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 28.2% in the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after purchasing an additional 140,326 shares during the period.

JPMorgan U.S. Momentum Factor ETF Company 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.