Silver Oak Securities Incorporated acquired a new position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,761 shares of the company’s stock, valued at approximately $1,546,000.
Several other large investors also recently made changes to their positions in the business. Asempa Wealth Advisors bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at about $515,000. Shore Point Advisors LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 28.2% during the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock worth $43,419,000 after acquiring an additional 140,326 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at about $753,000. Palumbo Wealth Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at about $1,360,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after acquiring an additional 898,573 shares in the last quarter.
JPMorgan U.S. Momentum Factor ETF Trading Up 1.5%
Shares of JMOM stock opened at $83.96 on Friday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $62.91 and a 1 year high of $85.09. The firm’s 50 day moving average is $79.76 and its 200-day moving average is $73.27. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 27.64 and a beta of 1.07.
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.
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