JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 12-Month High – Here’s What Happened

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) reached a new 52-week high during trading on Tuesday. The stock traded as high as $86.03 and last traded at $85.76, with a volume of 45604 shares trading hands. The stock had previously closed at $85.19.

JPMorgan U.S. Momentum Factor ETF Price Performance

The business’s 50-day moving average is $83.30 and its 200 day moving average is $80.16. The firm has a market capitalization of $2.81 billion, a P/E ratio of 27.64 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. increased its stake in JPMorgan U.S. Momentum Factor ETF by 12.6% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock worth $6,821,000 after acquiring an additional 9,139 shares during the period. Asempa Wealth Advisors raised its holdings in JPMorgan U.S. Momentum Factor ETF by 1.8% in the 3rd quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock valued at $696,000 after acquiring an additional 149 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 19.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,445 shares of the company’s stock valued at $1,918,000 after acquiring an additional 3,665 shares during the period. NewEdge Advisors LLC lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 37.1% during the 2nd quarter. NewEdge Advisors LLC now owns 8,946 shares of the company’s stock valued at $765,000 after acquiring an additional 2,423 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 2nd quarter worth $377,000.

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.