Moneywise Inc. increased its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 417.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,276 shares of the company’s stock after purchasing an additional 9,903 shares during the quarter. JPMorgan U.S. Momentum Factor ETF makes up approximately 1.0% of Moneywise Inc.’s investment portfolio, making the stock its 29th biggest position. Moneywise Inc.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $1,023,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of JMOM. Shore Point Advisors LLC lifted its position in JPMorgan U.S. Momentum Factor ETF by 0.6% during the third quarter. Shore Point Advisors LLC now owns 705,841 shares of the company’s stock valued at $58,832,000 after purchasing an additional 4,305 shares in the last quarter. ARQ Wealth Advisors LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 8.0% during the first quarter. ARQ Wealth Advisors LLC now owns 188,864 shares of the company’s stock valued at $12,828,000 after purchasing an additional 13,930 shares during the period. Wealth Enhancement Trust Services Inc. increased its position in JPMorgan U.S. Momentum Factor ETF by 12.6% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock worth $6,821,000 after buying an additional 9,139 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 58.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 69,968 shares of the company’s stock worth $5,832,000 after buying an additional 25,762 shares in the last quarter. Finally, Fifth Third Securities Inc. purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth about $4,755,000.
JPMorgan U.S. Momentum Factor ETF Stock Up 1.0%
NYSEARCA JMOM opened at $79.17 on Wednesday. The stock’s 50-day moving average price is $82.53 and its 200-day moving average price is $78.11. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $64.82 and a 52 week high of $86.07. The company has a market capitalization of $2.68 billion, a P/E ratio of 24.41 and a beta of 1.06.
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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