Northwestern Mutual Wealth Management Co. increased its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 16,222.7% in the fourth quarter, HoldingsChannel reports. The firm owned 904,112 shares of the company’s stock after acquiring an additional 898,573 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $61,615,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth approximately $44,000. Smartleaf Asset Management LLC boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at $51,000. Fifth Third Bancorp acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at $55,000. Finally, Root Financial Partners LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at $87,000.
JPMorgan U.S. Momentum Factor ETF Price Performance
Shares of NYSEARCA:JMOM opened at $78.80 on Monday. The firm has a fifty day moving average of $72.48 and a two-hundred day moving average of $70.40. The firm has a market capitalization of $2.26 billion, a P/E ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $59.40 and a 12-month high of $80.29.
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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