Blue Trust Inc. Increases Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Blue Trust Inc. raised its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 1.8% during the first quarter, Holdings Channel.com reports. The fund owned 4,767,446 shares of the company’s stock after purchasing an additional 83,512 shares during the quarter. JPMorgan U.S. Momentum Factor ETF accounts for approximately 3.7% of Blue Trust Inc.’s investment portfolio, making the stock its 10th largest position. Blue Trust Inc. owned 0.17% of JPMorgan U.S. Momentum Factor ETF worth $323,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JMOM. Gallacher Capital Management LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 0.9% during the fourth quarter. Gallacher Capital Management LLC now owns 15,717 shares of the company’s stock worth $1,071,000 after purchasing an additional 146 shares during the period. Mayflower Financial Advisors LLC increased its holdings in JPMorgan U.S. Momentum Factor ETF by 2.7% during the 4th quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock valued at $591,000 after purchasing an additional 229 shares during the period. Detalus Advisors LLC increased its holdings in JPMorgan U.S. Momentum Factor ETF by 6.7% during the 4th quarter. Detalus Advisors LLC now owns 3,946 shares of the company’s stock valued at $269,000 after purchasing an additional 248 shares during the period. Advisory Services Network LLC raised its position in 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 valued at $979,000 after purchasing an additional 251 shares during the last quarter. Finally, Castleview Partners LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 5.7% during the 4th quarter. Castleview Partners LLC now owns 4,785 shares of the company’s stock valued at $326,000 after purchasing an additional 259 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA JMOM opened at $82.71 on Thursday. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $62.71 and a fifty-two week high of $85.09. The stock has a 50 day simple moving average of $79.55 and a two-hundred day simple moving average of $73.17. The stock has a market cap of $2.37 billion, a P/E ratio of 27.64 and a beta of 1.07.

JPMorgan U.S. Momentum Factor ETF 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.