JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 12-Month High – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high on Friday . The stock traded as high as $80.30 and last traded at $80.30, with a volume of 417 shares. The stock had previously closed at $79.65.

JPMorgan U.S. Momentum Factor ETF Price Performance

The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The firm has a fifty day simple moving average of $73.19 and a two-hundred day simple moving average of $70.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 7.3% in the first quarter. Bank of America Corp DE now owns 56,584 shares of the company’s stock worth $3,843,000 after purchasing an additional 3,873 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 4.7% in the first quarter. Cetera Investment Advisers now owns 41,980 shares of the company’s stock worth $2,851,000 after purchasing an additional 1,903 shares during the last quarter. Florida Financial Advisors LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $209,000. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $2,170,000. Finally, Zhang Financial LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $838,000.

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.