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

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw an uptick in trading volume on Wednesday . 452,572 shares traded hands during mid-day trading, an increase of 275% from the previous session’s volume of 120,600 shares.The stock last traded at $69.78 and had previously closed at $69.42.

JPMorgan U.S. Momentum Factor ETF Stock Up 1.3%

The company has a market cap of $1.83 billion, a P/E ratio of 27.64 and a beta of 1.04. The business has a 50-day moving average price of $68.65 and a two-hundred day moving average price of $67.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JMOM. Jane Street Group LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $1,790,000. Retireful LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 2nd quarter worth $465,000. Palumbo Wealth Management LLC raised its position in shares of JPMorgan U.S. Momentum Factor ETF by 16.9% during the 2nd quarter. Palumbo Wealth Management LLC now owns 15,279 shares of the company’s stock valued at $982,000 after acquiring an additional 2,211 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 2nd quarter valued at $354,000. Finally, Blue Oak Capital LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 5.5% in the 2nd quarter. Blue Oak Capital LLC now owns 23,787 shares of the company’s stock worth $1,529,000 after purchasing an additional 1,237 shares during 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.