JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Strong Trading Volume – Here’s What Happened

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares saw strong trading volume on Tuesday . 861,205 shares changed hands during mid-day trading, an increase of 694% from the previous session’s volume of 108,526 shares.The stock last traded at $82.22 and had previously closed at $80.88.

JPMorgan U.S. Momentum Factor ETF Trading Up 1.7%

The business’s 50-day simple moving average is $82.18 and its 200 day simple moving average is $74.99. The company has a market capitalization of $2.46 billion, a P/E ratio of 27.64 and a beta of 1.06.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JMOM. Federation des caisses Desjardins du Quebec bought a new position in JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at about $39,000. Smartleaf Asset Management LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after purchasing an additional 529 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $53,000. National Bank of Canada FI acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $98,000. Finally, Fifth Third Bancorp boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 139.8% during the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after buying an additional 1,125 shares in 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.