JPMorgan U.S. Momentum Factor ETF $JMOM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 28.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,619 shares of the company’s stock after selling 210,042 shares during the period. JPMorgan Chase & Co.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $36,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,896,007 shares of the company’s stock valued at $804,527,000 after buying an additional 301,812 shares during the last quarter. Elevation Capital Advisory LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $2,512,000. Corient Private Wealth LLC boosted its stake in JPMorgan U.S. Momentum Factor ETF by 2,519.9% during the 2nd quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock valued at $7,495,000 after acquiring an additional 112,136 shares during the last quarter. 17 Capital Partners LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 18.4% during the 2nd quarter. 17 Capital Partners LLC now owns 11,345 shares of the company’s stock worth $729,000 after acquiring an additional 1,762 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth $1,636,000.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JMOM opened at $71.05 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of 27.64 and a beta of 1.04. The company has a 50-day moving average of $70.10 and a 200-day moving average of $68.32. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $71.65.

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.