Blue Trust Inc. Lowers Stock Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Blue Trust Inc. cut its holdings in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 0.2% during the third quarter, Holdings Channel.com reports. The firm owned 4,288,928 shares of the company’s stock after selling 9,150 shares during the period. JPMorgan U.S. Momentum Factor ETF makes up 3.3% of Blue Trust Inc.’s holdings, making the stock its 12th biggest holding. Blue Trust Inc. owned about 0.17% of JPMorgan U.S. Momentum Factor ETF worth $291,230,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 4.3% during the first quarter. Vident Advisory LLC now owns 183,676 shares of the company’s stock worth $10,353,000 after buying an additional 7,565 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 7.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 186,912 shares of the company’s stock valued at $10,534,000 after acquiring an additional 12,275 shares during the period. Legacy Wealth Managment LLC ID bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth $88,000. ROSS JOHNSON & Associates LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth $38,000. Finally, Jane Street Group LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth $1,790,000.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM opened at $69.36 on Friday. The business’s 50-day moving average is $68.19 and its two-hundred day moving average is $66.26. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $48.68 and a 1 year high of $69.71. The firm has a market capitalization of $1.74 billion, a PE ratio of 27.64 and a beta of 1.04.

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.