JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Hits New 52-Week Low – Time to Sell?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.68 and last traded at $50.37, with a volume of 183226 shares changing hands. The stock had previously closed at $51.00.

JPMorgan US Momentum Factor ETF Stock Performance

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.13 and a beta of 1.05. The business has a fifty day moving average price of $58.87 and a 200 day moving average price of $59.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mascagni Wealth Management Inc. acquired a new position in JPMorgan US Momentum Factor ETF during the 4th quarter worth approximately $71,000. AWM Capital LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter valued at $201,000. OLD Mission Capital LLC bought a new stake in JPMorgan US Momentum Factor ETF during the 4th quarter worth $213,000. Ameriflex Group Inc. bought a new stake in JPMorgan US Momentum Factor ETF during the 4th quarter worth $240,000. Finally, VisionPoint Advisory Group LLC acquired a new position in JPMorgan US Momentum Factor ETF in the 4th 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.