JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 52-Week High – Here’s What Happened

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.23 and last traded at $85.23, with a volume of 40113 shares. The stock had previously closed at $84.38.

JPMorgan U.S. Momentum Factor ETF Price Performance

The firm’s 50 day moving average is $80.55 and its 200 day moving average is $73.70. The company has a market capitalization of $2.52 billion, a PE ratio of 27.64 and a beta of 1.06.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

A number of large investors have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at about $39,000. Smartleaf Asset Management LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after purchasing an additional 529 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth about $53,000. National Bank of Canada FI bought a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at approximately $98,000. Finally, Fifth Third Bancorp raised its position in JPMorgan U.S. Momentum Factor ETF by 139.8% during the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after purchasing an additional 1,125 shares during the last quarter.

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.