JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 1-Year High – Time to Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $75.87 and last traded at $75.77, with a volume of 22455 shares trading hands. The stock had previously closed at $74.77.

JPMorgan U.S. Momentum Factor ETF Trading Up 1.9%

The company has a market capitalization of $2.18 billion, a P/E ratio of 27.64 and a beta of 1.05. The business has a 50 day moving average price of $70.93 and a 200 day moving average price of $69.63.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at $39,000. Hazlett Burt & Watson Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at $44,000. Smartleaf Asset Management LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at $51,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at $53,000.

JPMorgan U.S. 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.