JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Strong Trading Volume – Should You Buy?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares saw unusually-high trading volume on Friday . Approximately 359,217 shares changed hands during mid-day trading, an increase of 421% from the previous session’s volume of 68,984 shares.The stock last traded at $51.64 and had previously closed at $54.40.

JPMorgan US Momentum Factor ETF Trading Down 6.3 %

The firm’s 50 day moving average is $59.06 and its two-hundred day moving average is $59.15. The firm has a market cap of $1.16 billion, a P/E ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.1127 per share. This is a boost from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth about $71,000. AWM Capital LLC bought a new position in JPMorgan US Momentum Factor ETF in the fourth quarter valued at approximately $201,000. OLD Mission Capital LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at $213,000. Ameriflex Group Inc. bought a new position in JPMorgan US Momentum Factor ETF in the fourth quarter valued at about $240,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the fourth quarter worth about $281,000.

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.