Systelligence LLC Invests $9.58 Million in JPMorgan U.S. Momentum Factor ETF $JMOM

Systelligence LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the second quarter, Holdings Channel.com reports. The fund purchased 149,061 shares of the company’s stock, valued at approximately $9,583,000. JPMorgan U.S. Momentum Factor ETF makes up about 1.8% of Systelligence LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kathmere Capital Management LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 0.5% during the 2nd quarter. Kathmere Capital Management LLC now owns 62,664 shares of the company’s stock worth $4,029,000 after buying an additional 309 shares during the last quarter. Professional Financial Advisors LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.1% during the 1st quarter. Professional Financial Advisors LLC now owns 21,252 shares of the company’s stock worth $1,198,000 after buying an additional 435 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,677 shares of the company’s stock worth $95,000 after purchasing an additional 505 shares during the period. ROSS JOHNSON & Associates LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $38,000. Finally, Palumbo Wealth Management LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 5.6% during the 1st quarter. Palumbo Wealth Management LLC now owns 13,068 shares of the company’s stock worth $737,000 after purchasing an additional 695 shares during the period.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA:JMOM opened at $67.38 on Friday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 27.64 and a beta of 1.00. The company has a 50 day moving average price of $66.65 and a 200 day moving average price of $62.61. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $68.47.

About JPMorgan U.S. Momentum Factor ETF

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.