Able Wealth Management LLC Reduces Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Able Wealth Management LLC reduced its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOMFree Report) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,781 shares of the company’s stock after selling 2,370 shares during the period. Able Wealth Management LLC owned about 0.06% of JPMorgan U.S. Momentum Factor ETF worth $1,015,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JMOM. Crossmark Global Holdings Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at $2,020,000. Fifth Third Securities Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 31.0% in the 1st quarter. Fifth Third Securities Inc. now owns 62,559 shares of the company’s stock worth $3,526,000 after buying an additional 14,801 shares in the last quarter. Kathmere Capital Management LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 1.1% in the 1st quarter. Kathmere Capital Management LLC now owns 62,355 shares of the company’s stock worth $3,514,000 after buying an additional 698 shares in the last quarter. CWM LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth about $45,000. Finally, Larson Financial Group LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the first quarter worth about $587,000.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.7%

Shares of JMOM opened at $68.17 on Thursday. The stock has a market cap of $1.71 billion, a P/E ratio of 27.64 and a beta of 1.04. The company has a 50-day moving average of $67.53 and a two-hundred day moving average of $64.06. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $69.43.

About JPMorgan U.S. Momentum Factor ETF

(Free Report)

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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Institutional Ownership by Quarter for JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)

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