JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $82.19 and last traded at $81.49, with a volume of 130774 shares. The stock had previously closed at $81.88.
JPMorgan U.S. Momentum Factor ETF Price Performance
The company has a market cap of $2.36 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The business has a 50 day simple moving average of $74.66 and a 200 day simple moving average of $71.23.
Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Asempa Wealth Advisors acquired a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth $515,000. Shore Point Advisors LLC raised 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 acquiring an additional 140,326 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth $1,360,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth $753,000. Finally, CWM LLC raised its position in shares of JPMorgan U.S. Momentum Factor ETF by 98.5% during the fourth quarter. CWM LLC now owns 125,799 shares of the company’s stock worth $8,573,000 after acquiring an additional 62,412 shares during the last quarter.
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.
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