Fifth Third Securities Inc. Makes New $4.75 Million Investment in JPMorgan U.S. Momentum Factor ETF $JMOM

Fifth Third Securities Inc. bought a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 57,043 shares of the company’s stock, valued at approximately $4,755,000. Fifth Third Securities Inc. owned about 0.17% of JPMorgan U.S. Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. increased its position in JPMorgan U.S. Momentum Factor ETF by 1.8% during the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock worth $323,805,000 after buying an additional 83,512 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the first quarter worth approximately $2,170,000. Zhang Financial LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter valued at approximately $838,000. Silver Oak Securities Incorporated acquired a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $1,546,000. Finally, Corient Private Wealth LLC grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1,034.4% during the 4th quarter. Corient Private Wealth LLC now owns 118,073 shares of the company’s stock worth $8,047,000 after purchasing an additional 107,665 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM stock traded up $0.93 during midday trading on Wednesday, reaching $81.83. The company had a trading volume of 35,791 shares, compared to its average volume of 120,514. The stock has a 50 day moving average price of $83.23 and a 200-day moving average price of $81.10. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.82 and a 1-year high of $86.07.

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.