Zhang Financial LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 12,345 shares of the company’s stock, valued at approximately $838,000.
Other large investors have also recently made changes to their positions in the company. Asempa Wealth Advisors bought a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth about $515,000. Shore Point Advisors LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% in the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after buying an additional 140,326 shares in the last quarter. Wealth Enhancement Trust Services Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at about $753,000. Palumbo Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth approximately $1,360,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $61,615,000 after buying an additional 898,573 shares during the last quarter.
JPMorgan U.S. Momentum Factor ETF Stock Down 0.7%
NYSEARCA JMOM opened at $81.10 on Friday. The firm has a market cap of $2.42 billion, a PE ratio of 27.64 and a beta of 1.06. The company has a 50 day moving average price of $82.15 and a 200 day moving average price of $74.86. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $63.29 and a 52 week high of $85.64.
JPMorgan U.S. Momentum Factor ETF 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.
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