NorthCrest Asset Manangement LLC grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 165.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,984 shares of the company’s stock after purchasing an additional 13,705 shares during the period. NorthCrest Asset Manangement LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $1,239,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in JPMorgan U.S. Momentum Factor ETF by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock worth $232,398,000 after acquiring an additional 794,569 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,103,855 shares of the company’s stock valued at $588,752,000 after buying an additional 484,636 shares during the period. GeoWealth Management LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at about $10,391,000. JPMorgan Chase & Co. raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 180.7% in the fourth quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock worth $15,483,000 after buying an additional 171,043 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2,881.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 174,637 shares of the company’s stock worth $10,176,000 after buying an additional 168,780 shares during the period.
JPMorgan U.S. Momentum Factor ETF Stock Down 1.1%
NYSEARCA JMOM opened at $61.49 on Friday. The stock’s 50-day moving average price is $58.39 and its 200-day moving average price is $59.02. The company has a market capitalization of $1.47 billion, a P/E ratio of 26.05 and a beta of 1.05. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $48.68 and a 52 week high of $62.61.
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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