JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sets New 12-Month High – Here’s What Happened

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

JPMorgan US Momentum Factor ETF Stock Up 0.3 %

The firm has a market cap of $1.08 billion, a P/E ratio of 23.45 and a beta of 1.03. The business has a fifty day moving average of $60.35 and a 200 day moving average of $57.83.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of JMOM. Assetmark Inc. bought a new position in JPMorgan US Momentum Factor ETF in the 3rd quarter worth approximately $32,000. AWM Capital LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth approximately $201,000. Good Life Advisors LLC bought a new position in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at approximately $204,000. Dynamic Advisor Solutions LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the third quarter valued at $240,000. Finally, Creative Planning increased its position in JPMorgan US Momentum Factor ETF by 6.1% in the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after purchasing an additional 272 shares during the last quarter.

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.