Cassia Capital Partners LLC Has $9.61 Million Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Cassia Capital Partners LLC boosted its stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,476 shares of the company’s stock after acquiring an additional 11,610 shares during the period. JPMorgan U.S. Momentum Factor ETF accounts for 4.9% of Cassia Capital Partners LLC’s portfolio, making the stock its 7th largest position. Cassia Capital Partners LLC owned approximately 0.50% of JPMorgan U.S. Momentum Factor ETF worth $9,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JPMorgan U.S. Momentum Factor ETF Stock Down 1.4%

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $84.27 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $63.29 and a fifty-two week high of $85.64. The business has a 50-day moving average price of $80.55 and a 200 day moving average price of $73.70.

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.