Corient Private Wealth LLC Buys 107,665 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM

Corient Private Wealth LLC grew its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 1,034.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,073 shares of the company’s stock after acquiring an additional 107,665 shares during the quarter. Corient Private Wealth LLC owned about 0.43% of JPMorgan U.S. Momentum Factor ETF worth $8,047,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JMOM. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after purchasing an additional 350,687 shares during the last quarter. Blue Trust Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% during the fourth quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after buying an additional 395,006 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after buying an additional 112,669 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after buying an additional 898,573 shares in the last quarter. Finally, Shore Point Advisors LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% in the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after buying an additional 140,326 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Down 0.1%

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $82.71 on Thursday. The firm’s 50 day moving average price is $79.55 and its 200-day moving average price is $73.17. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $62.71 and a 52-week high of $85.09. The company has a market cap of $2.37 billion, a P/E ratio of 27.64 and a beta of 1.07.

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.