JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $85.70 and last traded at $85.64, with a volume of 8092 shares trading hands. The stock had previously closed at $84.87.
JPMorgan U.S. Momentum Factor ETF Stock Performance
The stock has a market capitalization of $2.65 billion, a PE ratio of 27.64 and a beta of 1.06. The company’s fifty day simple moving average is $82.73 and its two-hundred day simple moving average is $76.49.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Federation des caisses Desjardins du Quebec purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after buying an additional 529 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth $53,000. National Bank of Canada FI acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth $98,000. Finally, Fifth Third Bancorp lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 139.8% in the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after acquiring an additional 1,125 shares in 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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