JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 1-Year High – What’s Next?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $62.39 and last traded at $62.26, with a volume of 244 shares trading hands. The stock had previously closed at $62.15.

JPMorgan US Momentum Factor ETF Trading Down 0.7 %

The firm’s fifty day simple moving average is $60.36 and its 200 day simple moving average is $57.89. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03.

Institutional Trading of JPMorgan US Momentum Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in shares of JPMorgan US Momentum Factor ETF in the third quarter valued at approximately $32,000. AWM Capital LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the 4th quarter worth $201,000. Good Life Advisors LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the third quarter valued at about $204,000. Dynamic Advisor Solutions LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF during the third quarter worth about $240,000. Finally, Creative Planning raised its holdings in JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after purchasing an additional 272 shares in the last quarter.

JPMorgan US 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.