JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 12-Month High – Here’s Why

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $69.75 and last traded at $69.8030, with a volume of 16137 shares traded. The stock had previously closed at $69.30.

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

The stock’s 50-day moving average price is $68.28 and its 200-day moving average price is $66.67. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Several hedge funds have recently added to or reduced their stakes in the company. Brookwood Investment Group LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 2.8% in the third quarter. Brookwood Investment Group LLC now owns 7,958 shares of the company’s stock worth $540,000 after purchasing an additional 213 shares during the period. Advisory Services Network LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock worth $979,000 after buying an additional 251 shares during the period. Centaurus Financial Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 3.1% during the 3rd quarter. Centaurus Financial Inc. now owns 8,605 shares of the company’s stock worth $584,000 after buying an additional 260 shares during the period. Kathmere Capital Management LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 0.5% during the second 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. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 7.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,042 shares of the company’s stock valued at $388,000 after buying an additional 408 shares during the period.

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.