Zhang Financial LLC Buys Shares of 12,345 JPMorgan U.S. Momentum Factor ETF $JMOM

Zhang Financial LLC bought a new position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,345 shares of the company’s stock, valued at approximately $838,000.

Several other hedge funds have also made changes to their positions in the company. Federation des caisses Desjardins du Quebec purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at $39,000. Smartleaf Asset Management LLC lifted its stake in JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after acquiring an additional 529 shares during the period. Kestra Advisory Services LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth about $53,000. National Bank of Canada FI bought a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth about $98,000. Finally, Fifth Third Bancorp grew its holdings in JPMorgan U.S. Momentum Factor ETF by 139.8% during the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after acquiring an additional 1,125 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA JMOM opened at $81.10 on Friday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The company’s 50-day simple moving average is $82.15 and its two-hundred day simple moving average is $74.86. JPMorgan U.S. Momentum Factor ETF has a one year low of $63.29 and a one year high of $85.64.

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.