Raymond James & Associates Acquires 2,022 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Raymond James & Associates grew its holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,847 shares of the company’s stock after purchasing an additional 2,022 shares during the period. Raymond James & Associates owned approximately 0.18% of JPMorgan US Momentum Factor ETF worth $542,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. RHS Financial LLC raised its holdings in JPMorgan US Momentum Factor ETF by 7.5% during the 3rd quarter. RHS Financial LLC now owns 8,354 shares of the company’s stock valued at $343,000 after acquiring an additional 586 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of JPMorgan US Momentum Factor ETF by 2.9% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 41,990 shares of the company’s stock valued at $1,723,000 after purchasing an additional 1,177 shares during the period. Wealthfront Advisers LLC lifted its holdings in JPMorgan US Momentum Factor ETF by 41.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 9,374 shares of the company’s stock worth $385,000 after purchasing an additional 2,760 shares in the last quarter. Private Advisor Group LLC bought a new position in JPMorgan US Momentum Factor ETF in the 3rd quarter worth about $390,000. Finally, Daymark Wealth Partners LLC purchased a new position in JPMorgan US Momentum Factor ETF during the 4th quarter valued at about $611,000.

JPMorgan US Momentum Factor ETF Stock Down 0.4 %

Shares of JMOM opened at $50.44 on Friday. JPMorgan US Momentum Factor ETF has a twelve month low of $38.50 and a twelve month high of $52.95. The stock has a market cap of $852.35 million, a PE ratio of 22.87 and a beta of 1.01. The business’s 50-day moving average price is $51.27 and its 200-day moving average price is $46.76.

JPMorgan US 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.