JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 12-Month High – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $80.30 and last traded at $80.30, with a volume of 417 shares traded. The stock had previously closed at $79.65.

JPMorgan U.S. Momentum Factor ETF Trading Up 1.0%

The business has a 50-day moving average price of $73.19 and a 200-day moving average price of $70.68. The firm has a market cap of $2.30 billion, a P/E ratio of 27.64 and a beta of 1.06.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in JPMorgan U.S. Momentum Factor ETF by 7.3% during the first quarter. Bank of America Corp DE now owns 56,584 shares of the company’s stock valued at $3,843,000 after purchasing an additional 3,873 shares in the last quarter. Cetera Investment Advisers boosted its position in JPMorgan U.S. Momentum Factor ETF by 4.7% during the first quarter. Cetera Investment Advisers now owns 41,980 shares of the company’s stock valued at $2,851,000 after purchasing an additional 1,903 shares in the last quarter. Florida Financial Advisors LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at about $209,000. Hershey Financial Advisers LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at about $2,170,000. Finally, Zhang Financial LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at about $838,000.

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.