JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 1-Year High – Here’s What Happened

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.78 and last traded at $71.62, with a volume of 15932 shares trading hands. The stock had previously closed at $69.44.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The business’s 50-day moving average price is $69.75 and its 200-day moving average price is $68.93. The stock has a market cap of $2.01 billion, a P/E ratio of 27.64 and a beta of 1.05.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

A number of hedge funds have recently modified their holdings of JMOM. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after acquiring an additional 898,573 shares during the period. Blue Trust Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% during the 4th quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after acquiring an additional 395,006 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after acquiring an additional 350,687 shares during the period. Shore Point Advisors LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% during the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after acquiring an additional 140,326 shares during the period. Finally, Equitable Holdings Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after acquiring an additional 112,669 shares during the period.

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.