Wealthfront Advisers LLC Raises Stock Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Wealthfront Advisers LLC lifted its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,347 shares of the company’s stock after buying an additional 1,513 shares during the period. Wealthfront Advisers LLC owned approximately 0.08% of JPMorgan U.S. Momentum Factor ETF worth $1,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMOM. Janney Montgomery Scott LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 23.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,621 shares of the company’s stock worth $373,000 after buying an additional 1,269 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $619,000. Rossby Financial LCC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $72,000. Able Wealth Management LLC raised its stake in JPMorgan U.S. Momentum Factor ETF by 5.9% in the first quarter. Able Wealth Management LLC now owns 18,151 shares of the company’s stock valued at $1,023,000 after buying an additional 1,006 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $2,891,000.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JPMorgan U.S. Momentum Factor ETF stock opened at $68.47 on Friday. The stock has a 50-day moving average of $67.29 and a two-hundred day moving average of $63.60. JPMorgan U.S. Momentum Factor ETF has a one year low of $48.68 and a one year high of $69.43. The stock has a market cap of $1.72 billion, a PE ratio of 27.64 and a beta of 1.04.

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.