Signature Estate & Investment Advisors LLC Has $6.30 Million Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Signature Estate & Investment Advisors LLC boosted its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 25.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 110,279 shares of the company’s stock after purchasing an additional 22,521 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $6,300,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Patten Group Inc. boosted its stake in shares of JPMorgan US Momentum Factor ETF by 2.3% during the 3rd quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock worth $500,000 after acquiring an additional 195 shares in the last quarter. Creative Planning grew its stake in JPMorgan US Momentum Factor ETF by 6.1% in the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after buying an additional 272 shares during the last quarter. Palumbo Wealth Management LLC raised its holdings in JPMorgan US Momentum Factor ETF by 2.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,291 shares of the company’s stock worth $645,000 after acquiring an additional 302 shares during the period. Assetmark Inc. acquired a new stake in JPMorgan US Momentum Factor ETF in the 3rd quarter valued at approximately $32,000. Finally, Cornerstone Wealth Management LLC increased its position in JPMorgan US Momentum Factor ETF by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock worth $8,059,000 after buying an additional 931 shares during the period.

JPMorgan US Momentum Factor ETF Trading Down 1.0 %

JMOM opened at $59.83 on Friday. The business has a 50 day moving average of $57.47 and a 200-day moving average of $54.70. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 1-year low of $42.69 and a 1-year high of $61.06.

About JPMorgan US 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.