Blue Trust Inc. Raises Stock Holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Blue Trust Inc. lifted its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 3,193,722 shares of the company’s stock after purchasing an additional 53,566 shares during the quarter. JPMorgan US Momentum Factor ETF makes up 2.2% of Blue Trust Inc.’s holdings, making the stock its 16th largest position. Blue Trust Inc. owned approximately 0.19% of JPMorgan US Momentum Factor ETF worth $171,179,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JMOM. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan US Momentum Factor ETF by 1,766.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,096,156 shares of the company’s stock worth $426,505,000 after buying an additional 7,662,280 shares during the period. ARQ Wealth Advisors LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the 1st quarter worth $8,995,000. Fifth Third Securities Inc. increased its stake in shares of JPMorgan US Momentum Factor ETF by 850.9% during the second quarter. Fifth Third Securities Inc. now owns 46,868 shares of the company’s stock worth $2,512,000 after acquiring an additional 41,939 shares during the period. Cetera Investment Advisers purchased a new position in JPMorgan US Momentum Factor ETF during the first quarter worth about $1,973,000. Finally, Goodman Advisory Group LLC acquired a new stake in JPMorgan US Momentum Factor ETF in the second quarter valued at about $756,000.

JPMorgan US Momentum Factor ETF Trading Up 0.4 %

NYSEARCA JMOM opened at $58.74 on Friday. JPMorgan US Momentum Factor ETF has a 12-month low of $39.25 and a 12-month high of $58.95. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. The business’s 50 day moving average is $55.95 and its two-hundred day moving average is $53.68.

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.