Brightwater Advisory LLC Sells 1,704 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Brightwater Advisory LLC trimmed its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,495 shares of the company’s stock after selling 1,704 shares during the period. Brightwater Advisory LLC owned approximately 0.06% of JPMorgan US Momentum Factor ETF worth $553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. boosted its position in shares of JPMorgan US Momentum Factor ETF by 24.9% during the fourth quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock valued at $232,398,000 after buying an additional 794,569 shares during the last quarter. Klaas Financial Asset Advisors LLC lifted its stake in JPMorgan US Momentum Factor ETF by 0.5% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 423,844 shares of the company’s stock valued at $24,697,000 after acquiring an additional 1,961 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 25.7% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock valued at $6,300,000 after acquiring an additional 22,521 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of JPMorgan US Momentum Factor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock worth $5,408,000 after acquiring an additional 241 shares during the period. Finally, West Wealth Group LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF during the fourth quarter valued at approximately $4,951,000.

JPMorgan US Momentum Factor ETF Stock Down 0.3 %

Shares of JPMorgan US Momentum Factor ETF stock opened at $59.74 on Wednesday. JPMorgan US Momentum Factor ETF has a twelve month low of $49.29 and a twelve month high of $62.61. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 27.36 and a beta of 1.05. The company’s 50 day moving average is $60.47 and its 200 day moving average is $58.72.

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.