JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $75.87 and last traded at $75.77, with a volume of 22455 shares changing hands. The stock had previously closed at $74.77.
JPMorgan U.S. Momentum Factor ETF Stock Up 1.9%
The company has a market capitalization of $2.18 billion, a P/E ratio of 27.64 and a beta of 1.05. The stock has a fifty day simple moving average of $70.93 and a 200-day simple moving average of $69.63.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. CFS Investment Advisory Services LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 6.5% in the first quarter. CFS Investment Advisory Services LLC now owns 29,905 shares of the company’s stock valued at $2,242,000 after acquiring an additional 1,838 shares during the last quarter. Patten Group Inc. raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 6.8% in the first quarter. Patten Group Inc. now owns 8,335 shares of the company’s stock valued at $566,000 after acquiring an additional 534 shares during the last quarter. Able Wealth Management LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 3.9% in the first quarter. Able Wealth Management LLC now owns 7,216 shares of the company’s stock valued at $490,000 after buying an additional 273 shares during the last quarter. Cassia Capital Partners LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 8.9% in the first quarter. Cassia Capital Partners LLC now owns 141,476 shares of the company’s stock valued at $9,609,000 after buying an additional 11,610 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $353,000.
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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