TSA Wealth Managment LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,948 shares of the company’s stock, valued at approximately $955,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in JMOM. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 15.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,633,460 shares of the company’s stock valued at $655,662,000 after purchasing an additional 1,529,605 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth approximately $20,444,000. GeoWealth Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth approximately $10,391,000. JPMorgan Chase & Co. increased its holdings in JPMorgan U.S. Momentum Factor ETF by 180.7% in the 4th quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock worth $15,483,000 after acquiring an additional 171,043 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in JPMorgan U.S. Momentum Factor ETF by 2,881.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 174,637 shares of the company’s stock worth $10,176,000 after acquiring an additional 168,780 shares in the last quarter.
JPMorgan U.S. Momentum Factor ETF Trading Down 0.4%
JPMorgan U.S. Momentum Factor ETF stock opened at $62.78 on Thursday. The firm has a 50 day moving average of $59.69 and a 200 day moving average of $59.07. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 26.05 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $63.15.
JPMorgan U.S. 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.
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