JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $84.85 and last traded at $84.85, with a volume of 1399 shares traded. The stock had previously closed at $82.88.
JPMorgan U.S. Momentum Factor ETF Price Performance
The business has a 50-day moving average of $78.87 and a two-hundred day moving average of $72.85. The company has a market cap of $2.42 billion, a P/E ratio of 27.64 and a beta of 1.07.
Institutional Trading of JPMorgan U.S. Momentum Factor ETF
Institutional investors have recently modified their holdings of the company. Contango Wealth Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $1,356,000. NewEdge Advisors LLC raised its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock valued at $443,000 after purchasing an additional 139 shares during the last quarter. Bank of America Corp DE boosted its stake in JPMorgan U.S. Momentum Factor ETF by 7.3% in the 1st quarter. Bank of America Corp DE now owns 56,584 shares of the company’s stock worth $3,843,000 after purchasing an additional 3,873 shares in the last quarter. Cetera Investment Advisers boosted its stake in JPMorgan U.S. Momentum Factor ETF by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 41,980 shares of the company’s stock worth $2,851,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Florida Financial Advisors LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $209,000.
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.
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