JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 52-Week High – What’s Next?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOMGet 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

(Get Free Report)

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.

Further Reading

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