Cypress Wealth Services LLC Invests $344,000 in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)

Cypress Wealth Services LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,106 shares of the company’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JMOM. Mascagni Wealth Management Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $71,000. AWM Capital LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $201,000. OLD Mission Capital LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $213,000. Ameriflex Group Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $240,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at approximately $281,000.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JPMorgan U.S. Momentum Factor ETF stock opened at $61.56 on Friday. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $62.61. The firm has a 50 day moving average price of $57.37 and a 200 day moving average price of $58.98. The company has a market capitalization of $1.47 billion, a PE ratio of 26.05 and a beta of 1.05.

About JPMorgan U.S. 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.